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Interoil Exploration & Production ASA : NEW CFO

(Oslo, 16 March, 2012) InterOil E&P ASA (IOX) is pleased to announce that Erik Sandøy will take on the role as new Chief Financial Officer (CFO) of IOX. He has experience from Bridgehead Corporate Finance and Goldman Sachs International London, and business degrees from the University of British Columbia and the Norwegian School of Management BI. 

Former CFO and Managing Director in Peru, Carlos Nino Neira Ramos, will continue as Managing Director of Peru with full focus on the license extension. 

For more information please contact: 

Fredrik von Zernichow

Investor Relation Manager

Tel: +47 6751 8661

Mob: +47 9927 3843

Fax: +47 6751 8660

E-mail: f.zernichow@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, Colombia and Ghana. InterOil currently employs approximately 250 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.

Interoil Main Office:
c/o Advokatfirmaet Schjødt AS
Ruseløkkveien 14
NO-0251 Oslo, Norway

Phone: (+47) 67 51 86 50
Fax: (+47) 67 51 86 60
info@interoil.no

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