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Interoil Exploration and Production ASA : Production update 2014

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Average production in May 2014, compared to average production in April 2014, was:

Production*	May 2014		April 2014
	Boe/d**	Bopd***	Boe/d**	Boe/d**
Peru	2 049	2 049	2 073	2 073
Colombia	1 629	1 158	1 721	1 213
Total	3 678	3 207	3 794	3 286

*Working interest average daily production before royalty
**Barrels of oil including associated gas
***Barrels of oil

Oil has been sold at average sales price of USD 106.9/bbl in Peru and USD 96.7/bbl in Colombia in May.

Gas has been sold at average sales price of USD 17.7/bbl in Colombia in May.

For more information please contact:

Thomas J. Fjell

CEO

Mob: +47 958 15 300

E-mail: tfjell@interoil.no

Erik Sandøy

CFO

Mob: +47 488 94 426

E-mail: esandoy@interoil.no

www.interoil.no

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Interoil Exploration & Production ASA is a Norwegian based exploration and production company - listed on the Oslo Stock Exchange - with focus on Latin-America. The company is operator of several production and exploration assets in Peru and Colombia. Interoil currently employs approximately 235 people and is headquartered in Oslo.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.