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Interoil Exploration and Production ASA : Transaction with United Oilfield Colombia Inc. completed

Oslo, 19 November 2014 - As announced on 31 October and 4 November 2014, Interoil Exploration and Production ASA (the "Company") has entered into a transaction 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 Latin America AS ("LATAM").

The transaction was completed today, and UOC is the new owner of the shares in LATAM.

Please direct any further questions to:

ir@interoil.no
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 Colombia. Interoil currently employs approximately 95 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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