Re: Director Shareholding

Tullow Oil PLC
05 July 2005



Tullow Oil plc

5 July 2005



                   Tullow Oil plc ('Tullow' or 'the Company')



        Awards of Shares under the Company's 2005 Performance Share Plan



The Company announces that on 29 June 2005, each of the following executive
directors and Persons Discharging Managerial Responsibility (PDMRs)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 (PSP):





PDMR                                Number of Conditional Shares
                                    Awarded


Aidan Heavey                         347,755
Tom Hickey                           213,877
Graham Martin                        213,877

Matt O'Donoghue                      188,571

                                     188,571
Adrian Nel
                                     188,571
Paul McDade





The awards will normally vest on 29 June 2008 subject to continued employment
and the satisfaction of performance conditions. No consideration was paid for
any of the awards.



As a result of the above, the interests of the relevant executive directors are
now as follows:



Aidan Heavey - 9,177,985 shares (comprising 6,000,000 ordinary shares, 2,830,230
executive options and 347,755 PSP shares)



Tom Hickey - 1,628,125 shares (comprising 100,000 ordinary shares,    4,248 SIP
shares, 1,310,000 executive options and 213,877 PSP shares)



Graham Martin - 3,528,090 shares (comprising 436,005 ordinary shares, 3,782 SIP
shares, 2,874,426 executive options and 213,877 PSP shares)



Matt O'Donoghue - 3,647,818 shares (comprising 1,590,857 ordinary shares,
1,868,390 executive options and 188,571 PSP shares)



Adrian Nel - 393,571 shares (comprising 205,000 executive options and 188,571
PSP shares)





Enquiries



Tom Hickey



Tullow Oil plc

+ 44 207 333 6800



This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.
















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