2021 Full Year Results

Transformational 2021 is a solid foundation for future growth Transformational 2021 Positioning for growth in 2022 TULLOW பா Clear path to value creation Balance sheet refinanced Notable production growth at Jubilee and Simba (Gabon) Strong performance in Ghana across key operational areas (FPSO uptime, water injection, gas processing) Reduced G&A, operating and drilling costs Commitment made to Net Zero (Scope 1 and 2) by 2030 Portfolio further optimised, including asset sales in Gabon and EG Revised Kenya development plan submitted → Investment in Jubilee to increase production → Reposition TEN for future growth → Complete Ghana pre-emption → Deliver Jubilee O&M transformation Realise value from Kenya → Commercialise Ghana gas resources → Deliver near-field exploration upside around operated and non-operated portfolio → High impact exploration well in Guyana → Business plan set to deliver c.6% CAGR production growth 2021-25 → At $75/bbl the deleveraging to <1.5x is accelerated to year-end 2023 → Social and economic contribution: Tax payments - Production sharing Local content → Culture focused on: - - Individual accountability and integrity Continuous improvement Cost discipline → Potential platform for value M&A Building a better future through responsible oil and gas development Tullow Oil plc | 2021 Half Year Results Slide 5

View entire presentation