Result of EGM

Tullow Oil PLC
23 November 2000


Tullow Oil plc

23 November 2000

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

Result of Extraordinary General Meeting and Court Meeting

On 31 October 2000, Tullow ('Tullow' or the 'Company') announced proposals to
domicile the Company in the United Kingdom by establishing a new UK
incorporated holding company for ('Tullow UK') and its subsidiaries, also to
be called Tullow Oil plc ('Tullow UK'). The proposals are for Tullow to be
effected by means of a scheme of arrangement under Section 201 of the
Companies Act, 1963 of Ireland (the 'Scheme').

At the Court Meeting of Tullow held earlier today, shareholders of Tullow
approved the Scheme without modification. At the Extraordinary General Meeting
of Tullow also held earlier today, all the resolutions put to shareholders
were duly passed.

The Scheme remains subject, inter alia, to the sanction of the High Court of
Ireland. It is currently expected that, subject to this sanction being
received, admission of the new ordinary shares in Tullow (UK) to the Official
Lists of the UK Listing Authority and the Irish Stock Exchange and to trading
on the London Stock Exchange will take place on 18 December 2000.

For further information, please contact:

Aidan Heavey

Chief Executive, Tullow Oil plc

00 353 1 2602611


Graham Martin

Legal and Commercial Director

00 353 1 2602611


Nigel Tose

Investec Henderson Crosthwaite

020 7597 5970