Kosmos does not intend to make offer for Tullow

The company said, “Further to the announcements made by Tullow Oil and Kosmos (KOS) Energy in relation to very preliminary discussions about Kosmos’ possible offer for Tullow, Kosmos now confirms that it does not intend to make a firm offer for Tullow at this time and is consequently bound by the restrictions under Rule 2.8 of the Code, save in the circumstances set out below. This is a statement to which Rule 2.8 of the Code applies. As is customary, Kosmos reserves the right to set aside this statement in the following circumstances that are described under Note 2 to Rule 2.8 of the Code: the Board of Directors of Tullow agreeing to this statement being set aside; a third party announcing a firm intention to make an offer for Tullow; Tullow announcing a Rule 9 waiver proposal (as described in Note 1 of the Notes on Dispensations from Rule 9 of the Code) or a reverse takeover; or the UK Panel on Takeovers and Mergers (the “Panel”) determining that there has been a material change of circumstances.”