Notification of Major Interes

RNS Number : 2979J

Tullow Oil PLC

26 March 2010

 

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached :

TULLOW OIL PLC

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 financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: (    )

An event changing the breakdown of voting rights:                                   (    )

Other (please specify):                                                                               (   )

3. Full name of person(s) subject to the notification obligation :

BlackRock, Inc.

4. Full name of shareholder(s) (if different from 3.):

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

24 March 2010

6. Date on which issuer notified:

    26 March 2010

7. Threshold(s) that is/are crossed or reached:

    Holding has gone below 12%

8. Notified details:

A: Voting rights attached to shares ^{viii, ix}

Class/type of shares if possible using the ISIN CODE	Situation previous to the Triggering transaction
Ord 10p GB0001500809	Number of shares 101,877,635*	Number of Voting Rights 101,877,635*

Resulting situation after the triggering transaction
Class/type of shares if possible using the ISIN CODE	Number of shares	Number of voting rights		% of voting rights
	Direct	Direct	Indirect	Direct	Indirect
Ord 10p GB0001500809	N/A	N/A	104,200,377	N/A	11.78%*

*Situation previous disclosure is based upon 803,795,253 shares in issue while the

resulting situation disclosure is based upon 884,749,772 shares in issue

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of financial instrument	Expiration Date (xiii)	Exercise/Conversion Period/ Date (xiv)	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction
Type of financial instrument	Exercise Price	Exercise date xvii	Exercise / Conversion Period xviii	Number of voting rights instruments refers to	% of voting rights xix, xx
CFD				1,148,080	Nominal	Delta
					0.13%	0.13%

Total (A+B+C)

Number of voting rights	% of voting rights
105,348,457	11.91%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable ^(xv):

BlackRock Investment Management (UK) Limited - 105,348,457 (11.91%)

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Richard Taylor, Deputy Company Secretary

15. Contact telephone number:

0208 996 1000

 

END

 

 

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