Tullow Oil PLC - Appointment of Joint Corporate Brokers

News Release

Appointment of Joint Corporate Brokers

2 February 2012 - Tullow Oil (Stuttgart: 591219 - news) plc (Tullow) is pleased to announce that it has appointed Barclays Capital and Morgan Stanley (EUREX: DWDF.EX - news) ∓ Co. International plc as joint corporate brokers with immediate effect.

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Tullow Group Overview

Tullow is a leading independent oil ∓ gas, exploration and production group, quoted on the London, Irish and Ghanaian (symbol: TLW) stock exchanges and is a constituent of the FTSE 100 Index. The Group has interests in over 90 exploration and production licences across 22 countries and focuses on four core areas: Africa, Europe (Chicago Options: ^REURUSD - news) , South Asia and South America.

In Africa, Tullow has production in Ghana, Gabon, Côte d'Ivoire, Mauritania, Congo (Brazzaville) and Equatorial Guinea with two large appraisal and development programmes in Ghana and Uganda. Tullow also has exploration interests in Gabon, Côte d'Ivoire, Liberia, Sierra Leone, Mauritania, Senegal, Tanzania, Madagascar, Namibia, Kenya and Ethiopia.

Tullow's European interests are focused on gas in the UK Southern North Sea where it has significant interests in the Caister-Murdoch System and the Thames area and in the Netherlands where it has offshore gas production, development and exploration opportunities.

In South Asia, Tullow has exploration and production in Bangladesh and exploration interests in Pakistan. In South America, Tullow has exploration interests in Guyana, French Guiana and Suriname.

For further information please refer to our website at www.tullowoil.com.

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