-------------------------------------------
For filings with the FCA include the annex
For filings with issuer exclude the annex
-------------------------------------------
----------------------------------------------------------------------------
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
1. Identity of the issuer or the
underlying issuer of existing shares
to which voting rights are Tethys Petroleum Limited
attached:(ii)
----------------------------------------------------------------------------
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 qualifying financial instruments which
may result in the acquisition of shares already issued to which
voting rights are attached
----------------------------------------------------------------------======
An acquisition or disposal of instruments with similar economic
effect to qualifying financial instruments
----------------------------------------------------------------------======
An event changing the breakdown of voting rights
----------------------------------------------------------------------======
Other (please specify):
----------------------------------------------------------------------======
3. Full name of person(s) subject to the notification obligation:(iii)
Olisol Petroleum Limited
----------------------------------------------------------------------------
4. Full name of shareholder(s) (if different from 3.):(iv)
----------------------------------------------------------------------------
5. Date of the transaction and date on
which the threshold is crossed or 15 April 2016
reached:(v)
----------------------------------------------------------------------------
6. Date on which issuer notified: 19 April 2016
----------------------------------------------------------------------------
7. Threshold(s) that is/are crossed or
reached:(vi, vii) 15% upwards
----------------------------------------------------------------------------
----------------------------------------------------------------------------
8. Notified details:
----------------------------------------------------------------------------
A: Voting rights attached to shares(viii, ix)
----------------------------------------------------------------------------
Class/type of Situation previous Resulting situation after the
shares to the triggering triggering transaction transaction
--------------------------------------------------------
if possible using Number Number Number Number of voting % of voting
the ISIN CODE of of of shares rights rights (x)
Shares Voting
Rights
----------------------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
----------------------------------------------------------------------------
KYG876361091 37,440,042 37,440,042 63,044,461 63,044,461 15.8
----------------------------------------------------------------------------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of
instrument date(xiii) Conversion rights that may be voting
Period(xiv) acquired if the rights
instrument is
exercised/ converted.
----------------------------------------------------------------------------
----------------------------------------------------------------------------
C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments (xv,xvi)
----------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights
instrument (xvii) period refers to (xix, xx)
(xviii)
----------------------------------------------------------------------------
Nominal Delta
----------------------------------------------------------------------------
Total (A+B+C)
----------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
----------------------------------------------------------------------------
37,440,042 15.8
----------------------------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable:(xxi)
----------------------------------------------------------------------------
N/A
----------------------------------------------------------------------------
Proxy Voting:
----------------------------------------------------------------------------
10. Name of the proxy holder: N/A
----------------------------------------------------------------------------
11. Number of voting rights proxy
holder will cease to hold: N/A
----------------------------------------------------------------------------
12. Date on which proxy holder will
cease to hold voting rights: N/A
----------------------------------------------------------------------------
13. Additional information: N/A
----------------------------------------------------------------------------
14. Contact name: Kenneth J. May
----------------------------------------------------------------------------
15. Contact telephone number: 501-680-5463
----------------------------------------------------------------------------
