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Abstract
In connection with Admission, the Company is setting up a UK depository facility (the "UK Depository"). The Company, through its UK Depository, will have a facility whereby (pursuant to a depositary deed to be executed by the UK Depository) depository interests, representing the Company's ordinary shares, will be issued by the UK Depository to persons who wish to hold Tethys Petroleum ordinary shares in electronic format within CREST. The Company has applied for the depository interests, representing Tethys Petroleum ordinary shares, to be admitted to CREST with effect from Admission. Accordingly, settlement of transactions in depository interests representing the Tethys Petroleum ordinary shares on the London Stock Exchange following Admission may take place within CREST if the relevant shareholders so wish.