Tullow Oil Plc: Pricing of $650 million senior notes

Tullow Oil 3 April 2014 - Tullow Oil plc (“Tullow” or the “Company”) is pleased to announce that it has priced its offering of $650 million aggregate principal amount of 6.250% senior notes due 2022 at par (the “Notes”). The size of the offering has been increased from $500 million, indicated at launch on 2 April, to $650 million.

Interest will be payable semi-annually. The offering is expected to complete on or about 8 April 2014, subject to customary conditions precedent for similar transactions. The Notes, whose net proceeds will be used to repay certain existing indebtedness under the Company's credit facilities (but not cancel commitments under such facilities), will be the senior obligations of the Company and guaranteed by certain of the Company’s subsidiaries.

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