Tethys Petroleum Limited Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons ------------------------------------------------------------------------------------------------------- 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 a managerial responsibilities/director person connected with a person discharging managerial responsibilities/director named in ZALMAY KHALILZAD 3 and identify the connected person N/A ------------------------------------------------------------------------------------------------------- 5. Indicate whether the notification is in 6. Description of shares (including class), respect of a holding of the person debentures or derivatives or financial referred to in 3 or 4 above or in respect instruments relating to shares of a non-beneficial interest(1) N/A N/A ------------------------------------------------------------------------------------------------------- 7. Name of registered shareholders(s) and, if 8. State the nature of the transaction more than one, the number of shares held by each of them N/A N/A ------------------------------------------------------------------------------------------------------- 9. Number of shares, debentures or 10. Percentage of issued class acquired (treasury financial instruments relating to shares shares of that class should not be taken into acquired account when calculating percentage) N/A N/A ------------------------------------------------------------------------------------------------------- 11. Number of shares, debentures or 12. Percentage of issued class disposed (treasury financial instruments relating to shares shares of that class should not be taken into disposed account when calculating percentage) N/A N/A -------------------------------------------------------------------------------------------------------- 13. Price per share or value of transaction 14. Date and place of transaction N/A N/A ------------------------------------------------------------------------------------------------------- 15. Total holding following notification and 16. Date issuer informed of transaction total percentage holding following notification (any treasury shares should N/A not be taken into account when calculating percentage) N/A ------------------------------------------------------------------------------------------------------- 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: 6 JULY 2012 The options vest one third immediately, one third after one year and one third after two years. The options will expire on 5 July 2017. ------------------------------------------------------------------------------------------------------- 19. Total amount paid (if any) for grant of 20. Description of shares or debentures the option involved (class and number) Option to acquire 270,000 ordinary shares NIL under the Tethys Petroleum limited 2007 Long Term Stock Incentive Plan. ------------------------------------------------------------------------------------------------------- 21. Exercise price (if fixed at time of grant) 22. Total number of shares or debentures over or indication that price is to be fixed at which options held following notification the time of exercise 270,000 OPTIONS CAD 0.88 ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- 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: 10/07/2012 

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