Director/PDMR Shareholding

Tullow Oil PLC 23 March 2007 Tullow Oil plc 23 March 2007 Tullow Oil plc ('Tullow' or 'the Company') Awards of Shares under the Company's 2005 Performance Share Plan The Company announces that on 22 March 2007 each of the following executive directors were granted conditional awards over the number of ordinary shares of 10p each set out below under the terms of the Tullow Oil 2005 Performance Share Plan. In respect of the executive directors this notification is made in accordance with DR 3.1.4R (1)(a) and (b). Director Number of Conditional Total Conditional Shares Shares Awarded awarded under Performance 22 March 2007 Share Plan Aidan Heavey 230,567 797,834 Tom Hickey 147,412 501,174 Graham Martin 130,402 473,404 Angus McCoss 90,539 190,769 Paul McDade 90,539 397,474 Matt O'Donoghue 72,188 368,363 The awards granted on 22 March 2007 will normally vest on 22 March 2010 subject to continued employment and the satisfaction of performance conditions. The figures reflect the maximum number of shares that might vest in three years time - the actual number vesting will depend on the extent to which the performance conditions are satisfied over the three year performance period. No consideration was paid for any of the awards and no consideration is due on vesting. Enquiries Graham Martin Tullow Oil plc + 44 208 996 1000 This information is provided by RNS The company news service from the London Stock Exchange

Companies

Tullow Oil (TLW)
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