2021 Full Year Results

TULLOW Delivering our stated financial strategy Comprehensive refinancing completed Material portfolio management Significant cost base reduction Delivering well costs below plan Further deleveraging achieved Strong liquidity headroom maintained $1.8bn Bond issue >$700m Completed asset sales >$125m Annual cash G&A savings c.$55m Average cost per well in 2021 2.2x Gearing $0.9bn No near-term debt maturities We have the financial stability and flexibility to reduce our debt, invest in our assets and grow our business to deliver value Tullow Oil plc | 2021 Full Year Results Slide 7

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