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Company update

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Oslo, 30 April 2015: Interoil Exploration and Production ASA's Colombian subsidiary ("Interoil") is pleased to provide an update on the additional USD10.5 million guarantee for LLA-47.

As previously reported the ANH required an additional USD 10.5 million guarantee for LLA-47 by the end of April 2015.

Interoil is currently finalising the actions required to fulfil the ANH regulations and requirements. Given the time it takes to formalise guarantees with financial institutions, Interoil has requested from the ANH an extension of 60 days to enable Interoil to complete this process with Colpatria Bank.

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

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