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Interoil Exploration and Production ASA : Bondholders have approved sale of Interoil Exploration and Production Latin America AS

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Oslo, 17 November 2014 - As previously announced on 31 October and 4 November 2014, Interoil Exploration and Production ASA ("Interoil" or the "Company") has entered into a transaction agreement (the "Agreement") pursuant to which it will transfer ownership of its Peruvian assets to United Oilfield Colombia Inc. ("UOC") through the sale of the Company's subsidiary Interoil Exploration and Production Exploration and Production AS ("LATAM").

The bondholder meeting has today approved the sale of LATAM. The Agreement is expected to close on or about 19 November 2014.

Please direct any further questions to:


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 230 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

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