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Interoil Exploration and Production ASA : Notice of Annual General Meeting 2014

The Annual General Meeting of Interoil Exploration and Production ASA will be held on Monday 30 June 2014 at 12:00 CET. Please find attached the notice for the meeting including the attendance form and proxy, and the declaration regarding determination of salary for senior management. The annual report for 2013 is available on http://www.interoil.no/?page_id=105.

One of the items on the agenda for the Annual General Meeting is the election of a new Board of Directors.

Interoil Exploration and Production ASA has for the last year and a half been through a challenging period related to organizational changes and the operations in Peru.

In January 2013, a new management took over Interoil and initiated a restructuring process. In this period, the current Board has been crucial to secure continuity and to safeguard the Company's values.

"The current Board of Directors has been closely involved with the restructuring process that has characterized Interoil since the start of 2013 and we have achieved the goals that were set to get the Company out of the situation it was in when we took over. This has been a demanding period for both the Board and the administration. The further development of the Company will demand a Board of Directors with both flexibility and availability. This will be difficult to combine with my regular job. Based on this, I have informed the nomination committee that I unfortunately will not be able to continue as a member of the Board", says Anne Grete Ellingsen, chairman of the Board of Directors of Interoil Exploration and Production ASA.

Going forward, it will be decisive that the shareholders take more responsibility for the further development of the Company. Strategic decisions for the further development will need to be anchored with the shareholders.

Based on this, the current Board has proposed that a new Board of Directors is elected at the Annual General Meeting, with representatives from some of the Company's largest shareholders.

The nomination committee's recommendations will be made available by close of business 10 June on http://www.interoil.no/?page_id=487.

For more information please contact:

Anne Grete Ellingsen
Chairman
Mob: +47 908 66 856
 
Thomas J. Fjell
CEO
Mob: +47 958 15 300
 
Erik Sandøy
CFO
Mob: +47 488 94 426
 
www.interoil.no
 

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Interoil Exploration and 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.
Files
Notice AGM 2014
Statement re executive pay

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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