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Board director sells shares

Oslo, 30 October 2014 - A related party to Board Director Eystein Koppang in Interoil Exploration and Production ASA ("Interoil" or "Company") has today sold 3 004 000 shares in Interoil at NOK 0.35 each. His remaining holding of Interoil shares, including privately held shares, is 71 270.

As a Director at the Interoil Board, he is legally prohibited from trading in the Interoil stock when insider information exists. As such information is not present at this time, he has taken this opportunity.

Mr. Koppang has informed that he is willing to resign from his position as Board Member at the next shareholders' meeting.

Please direct any further questions to:

E-mail: ir@interoil.no

www.interoil.no

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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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