Director Shareholding

Tullow Oil PLC 29 March 2001 DEALINGS BY DIRECTORS 1) NAME OF COMPANY TULLOW OIL PLC 2) NAME OF DIRECTOR AIDAN HEAVEY 3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 or in respect of an non-beneficial interest AS ABOVE 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them. (If notified) BARRYMORE TRUST, A/C AIDAN HEAVEY 5) Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify the connected person(s) 6) Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary SALE OF SHARES 7) Number of shares/amount of stock acquired 8) (N/A %) of issued Class 9) Number of shares/amount of stock disposed 2,373,129 10) (0.67 %) of issued Class 11) Class of security ORDINARY SHARE OF 10P 12) Price per share 88P 13) Date of transaction 27 MARCH 2001 14) Date company informed 28 MARCH 2001 15) Total holding following this notification 4,533,400 16) Total percentage holding of issued class following this notification 1.3% IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE COMPLETE THE FOLLOWING BOXES 17) Date of grant 18) Period during which or date on which exercisable 19) Total amount paid (if any) for grant of the option 20) Description of shares or debentures involved: class, number. 21) Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise 22) Total number of shares or debentures over which options held following this notification 23) Any additional information 24) Name of contact and telephone number for queries MICHAEL ANSELL : 020 7597 5175 25) Name and signature of authorised company official responsible for making this notification Date of Notification 29 MARCH 2001 DEALINGS BY DIRECTORS 1) NAME OF COMPANY TULLOW OIL PLC 2) NAME OF DIRECTOR AIDAN HEAVEY 3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 or in respect of an non-beneficial interest AS ABOVE 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them. (If notified) 5) Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify the connected person(s) 6) Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary EXERCISE OF OPTIONS 7) Number of shares/amount of stock acquired 1,466,600 8) (0.42%) of issued Class 9) Number of shares/amount of stock disposed 10) ( %) of issued Class 11) Class of security ORDINARY SHARE OF 10P 12) Price per share A WEIGHTED AVERAGE EXERCISE PRICE OF IR 47.9P 13) Date of transaction 28 MARCH 2001 14) Date company informed 28 MARCH 2001 15) Total holding following this notification 6,000,000 16) Total percentage holding of issued class following this notification 1.7% IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE COMPLETE THE FOLLOWING BOXES 17) Date of grant 18) Period during which or date on which exercisable 19) Total amount paid (if any) for grant of the option 20) Description of shares or debentures involved: class, number. 21) Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise 22) Total number of shares or debentures over which options held following this notification 23) Any additional information 24) Name of contact and telephone number for queries MICHAEL ANSELL : 020 7597 5175 25) Name and signature of authorised company official responsible for making this notification Date of Notification 29 MARCH 2001

Companies

Tullow Oil (TLW)
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