Holding in Company

Tullow Oil PLC
28 September 2007



TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached :



TULLOW OIL PLC



2. Reason for the notification (please tick the appropriate box or boxes)



An acquisition or disposal of voting rights:
            ( X  )



An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: (    )



An event changing the breakdown of voting rights:
    (    )



Other (please specify):
                      (   )



3. Full name of person(s) subject to the notification obligation :



BLACKROCK, INC



4. Full name of shareholder(s) (if different from 3.):





5. Date of the transaction (and date on which the threshold is crossed or
reached if different) :



10 SEPTEMBER 2007*



6. Date on which issuer notified:



    28 SEPTEMBER 2007



7. Threshold(s) that is/are crossed or reached:



    GONE BELOW 16%



8. Notified details:













A: Voting rights attached to shares


Class/type of shares if possible              Situation previous to the Triggering transaction
using the ISIN CODE
                                  Number of shares                   Number of voting Rights
Ord 10p
GB0001500809                       115,747,392                       115,747,392






Resulting situation after the triggering transaction


Class/type of shares if     Number of shares         Number of voting rights           % of voting rights
possible using the ISIN
CODE
                            Direct                   Direct       Indirect             Direct      Indirect


Ord 10p                      N/A                       N/A        114,589,7608**       N/A         15.93%**

GB0001500809




B: Financial Instruments

Resulting situation after the triggering transaction (xii)


Type of         Expiration Date       Exercise/Conversion       Number of voting rights     % of voting rights
financial       (xiii)                Period/ Date (xiv)        that may be acquired if the
instrument                                                      instrument is exercised/
                                                                converted.






Total (A+B)
Number of voting rights        % of voting rights


114,589,760**                  15.93%**



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):



BLACKROCK INVESTMENT MANAGEMENT (UK) LIMITED - 114,589,760** (15.93%**)



Proxy Voting:



10. Name of the proxy holder:





11. Number of voting rights proxy holder will cease to hold:





12. Date on which proxy holder will cease to hold voting rights:





13. Additional information:



* BlackRock, Inc have advised that they were unaware of the crossing of a %
threshold due to a technical fault. They advised that this has since been
rectified.



** BlackRock, Inc have advised that 114,589,760 is the holding as at

10 September 2007 (date of transaction triggering the disclosure obligation).
BlackRock's holding as at 27 September 2007 is 109,053,020 (15.16%)



14. Contact name:



TOM HICKEY, COMPANY SECRETARY





15. Contact telephone number:



0208 996 1000





This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.








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