Ordinary General Meeting held on 26 June 2015

The Annual General Meeting of Interoil Exploration and Production ASA was held at Kronprinsensgate 17, Oslo on Friday 26 June 2015 at 11:00.

The Annual General Meeting approved the proposed reverse split of the Company’s shares.
The Annual General Meeting approved the increase in the share capital to facilitate the reverse split.
The Company will revert with a new announcement regarding the effective date for the reverse split resolved by the Annual General Meeting.

Andes Energia plc subscribed in the general meeting for five new shares in Interoil Exploration and Production ASA at a subscription price of NOK 0.05 per share. Following issuance of these new shares (pre reverse split) Andes Energia plc will hold 330 042 181 shares in Interoil, equal to 51,02 % of the share capital. Andes Energia plc is represented on the Board of Directors of Interoil.