TETHYS OIL INTENDS TO UNDERTAKE A DIRECTED NEW SHARE ISSUE
Tethys Oil AB (publ) (the “Company”) intends to undertake a directed new shareissue aimed at Swedish and international investors of up to 3 million shares(the “Issue”). The newly issued shares will constitute at maximum approximately9.2 percent of the total shares in the Company prior to the Issue.The price for the new shares relating to the Issue is intended to be determinedthrough book building which will begin around 17.31 on 9 May 2012. The Board ofDirectors intends to pass a resolution approving the Issue and allocation ofthe new shares before the commencement of trading on First