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Interoil Exploration & Production ASA: Production update January 2014

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Average production in January 2014, compared to average production in December 2013, was:

Production*	January 2014		December 2013
	Boe/d**	Bopd***	Boe/d**	Boe/d**
Peru	2 452	2 452	2 778	2 778
Colombia	2 000	1 456	1 876	1 355
Total	4 452	3 907	4 654	4 133

*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 104.9/bbl in Peru and USD 93.7/bbl in Colombia in January.

Gas has been sold at average sales price of USD 18/boe in Colombia in January.

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 275 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.