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2014-04-08

Tethys Oil: Tethys Oil AB (publ) has completed early redemption of its SEK 400,000,000 bond loan

Tethys Oil AB (publ) ("Tethys") gave on 4 March 2014 notice of early
redemption its SEK 400,000,000 9.50% bond 2012/2015 (ISIN: SE0004808129).

Tethys has completed the early redemption and paid the early redemption amount
together with accrued but unpaid interest on all bonds.

For further information, please contact

Magnus Nordin, Managing Director, phone +46 70 576 6555, magnus@tethysoil.com

or

Morgan Sadarangani, CFO, phone +46 8 505 947 01, morgan@tethysoil.com

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Tethys Oil AB (publ)

Tethys Oil is a Swedish energy company focused on exploration and production
of oil and natural gas. Tethys Oil’s core area is Oman, where the company is
one of the largest onshore oil and gas concession holders. Tethys Oil also
has exploration and production assets onshore France and Lithuania. The
shares are listed on NASDAQ OMX Stockholm (TETY) in Stockholm.

Website: www.tethysoil.com

Tethys discloses this information pursuant to the Swedish Securities Market
Act and/or the Swedish Financial Instruments Trading Act. The information was
provided for publication on 8 April 2014, at 11:20 (CET).

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