Tethys Petroleum Limited

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

LONDON, UNITED KINGDOM–(Marketwired – May 20, 2014) –

1. Name of the issuer        2. State whether the notification relates to (i)
                             a  transaction notified in accordance with DTR
                             3.1.2  R, (ii) a disclosure made in accordance
TETHYS PETROLEUM LIMITED     with  LR 9.8.6R(1) or (iii) a disclosure  made
                             in accordance  with  section  793   of   the
                             Companies Act (2006).

                             THE DISCLOSURE IS MADE IN ACCORDANCE WITH DTR
                             3.1.2 R

3. Name of person discharging   4. State  whether  notification  relates to
   managerial                   a person  connected  with a  person  
   responsibilities/director    discharging managerial responsibilities/
                                director named in 3 and identify 
   JULIAN HAMMOND               the connected person
                                N/A

5. Indicate whether the notification    6. Description of shares (including
   is in respect of a holding of        class), debentures or derivatives or 
   the person referred to in 3 or 4     financial instruments relating to 
   above or in respect of               shares      
   a non-beneficial interest                                             
                                        ORDINARY SHARES 
   SHARES WILL BE BENEFICIALLY OWNED

7. Name of registered shareholders(s) 8. State the nature of the transaction
   and, if more than one, the number         
   of shares held by each of them        ACQUISITION

   JULIAN HAMMOND

9. Number of shares, debentures or    10. Percentage of issued class acquired
   financial instruments relating to    (treasury shares of that class should
   shares acquired                       not be taken into account when 
                                         calculating percentage)
   100,000 ORDINARY SHARES               0.03%

11. Number of shares, debentures or   12. Percentage of issued class disposed
    financial instruments relating      (treasury shares of that class should
    to shares disposed                  not be taken into account when 
                                        calculating percentage)
    N/A                                 N/A

13. Price per share or value of transaction 14. Date and place of transaction

      GBP0.2275                                 19 MAY 2014, LONDON

15. Total holding following notification and    16. Date issuer informed of 
    total percentage holding following              transaction    
    notification  (any treasury shares should       
    not be taken into account when calculating      19 MAY 2014
    percentage)

    225,000 SHARES
    0.08%

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17. Date of grant                   18. Period during which or date on which
                                        exercisable

19. Total amount paid (if any)      20. Description of shares or debentures
    for grant of the option             involved (class and number)

21. Exercise price (if fixed at time        22. Total number of shares or 
    of grant) or indication that price      debentures over which options
    is to be fixed at the time of exercise  held following notification 

23. Any additional information      24. Name of contact and telephone number
                                        for queries
    N/A                                               
                                        LIZ LANDLES
                                        TEL: 01481 725911

Liz Landles, Corporate Secretary

Date of notification: 19/05/2014