Director Shareholding

Tullow Oil PLC 15 June 2004 SCHEDULE 11 NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS 1. Name of company Tullow Oil plc 2. Name of director Graham Martin 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 a non-beneficial interest As 2 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) ComputershareTrustees Limited 5. Please state whether notification relates to a person(s) connected with the director named in 2 above and identify the connected person(s) n/a 6. Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary Trustee Purchase of Securities ('Partnership Shares') on behalf of director using deductions from director's payroll and receipt of an award of free shares ('Matching Shares') under the terms of the Tullow Oil UK Share Incentive Plan (an Inland Revenue approved Share Incentive Plan) at the end of an accumulation period for savings. 7. Number of shares / amount of stock acquired 874 (437 purchased Partnership Shares and 437 free Matching Shares) 8. Percentage of issued class 0.00014% 9. Number of shares/amount of stock disposed n/a 10. Percentage of issued class n/a 11. Class of security Ordinary Shares of 10p 12. Price per share 108.75p 13. Date of transaction 14 June 2004 14. Date company informed 14 June 2004 15. Total holding following this notification 436,879 16. Total percentage holding of issued class following this notification 0.07% If a director has been granted options by the company please complete the following boxes. 17. Date of grant n/a 18. Period during which or date on which exercisable n/a 19. Total amount paid (if any) for grant of the option n/a 20. Description of shares or debentures involved: class, number n/a 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise n/a 22. Total number of shares or debentures over which options held following this notification n/a 23. Any additional information The Matching Shares must normally be held in trust for a period of three years after which they may either be left in trust or withdrawn (and either retained or sold). All or some of the Matching Shares may be lost on cessation of employment (except in certain compassionate circumstances) and on disposal within 3 years of acquisition of the corresponding Partnership Shares 24. Name of contact and telephone number for queries Tom Hickey 0207 333 6800 25. Name and signature of authorised company official responsible for making this notification Tom Hickey Date of Notification 15 June 2004 SCHEDULE 11 NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS 1. Name of company Tullow Oil plc 2. Name of director Thomas Hickey 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 a non-beneficial interest As 2 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) Computershare Trustees (Ireland) Limited 5. Please state whether notification relates to a person(s) connected with the director named in 2 above and identify the connected person(s) n/a 6. Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary Trustee Purchase of Securities (''Partnership Shares'') on behalf of director using deductions from director's payroll and receipt of an award of free shares (''Matching Shares') under the terms of the Tullow Oil Irish Share Incentive Plan (a Revenue approved Share Incentive Plan) at the end of an accumulation period for savings. 7. Number of shares / amount of stock acquired 916 (458 purchased Partnership Shares and 458 free Matching Shares) 8. Percentage of issued class 0.00014%% 9. Number of shares/amount of stock disposed n/a 10. Percentage of issued class n/a 11. Class of security Ordinary Shares of 10p 12. Price per share €1.6375 13. Date of transaction 14 June 2004 14. Date company informed 14 June 2004 15. Total holding following this notification 60,916 16. Total percentage holding of issued class following this notification 0.00975% If a director has been granted options by the company please complete the following boxes. 17. Date of grant n/a 18. Period during which or date on which exercisable n/a 19. Total amount paid (if any) for grant of the option n/a 20. Description of shares or debentures involved: class, number n/a 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise n/a 22. Total number of shares or debentures over which options held following this notification n/a 23. Any additional information The Partnership and Matching Shares will normally be held in trust for a period of two years after which the Matching Shares may be left in trust for a further year when they are automatically transferred to the participant. Partnership Shares and Matching Shares may be sold or transferred before expiry of the two year holding period on cessation of employment in certain compassionate circumstances. 24. Name of contact and telephone number for queries Tom Hickey 0207 333 6800 25. Name and signature of authorised company official responsible for making this notification Tom Hickey Date of Notification 15 June 2004 This announcement has been issued through the Companies Announcement Service of the Irish Stock Exchange. This information is provided by RNS The company news service from the London Stock Exchange

Companies

Tullow Oil (TLW)
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