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Company update

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Oslo, 24 November 2015: Interoil Exploration and Production ASA ("Interoil") announces the resignation of a director.

Jose Francisco Chalela, has announced his intention to step down from the Board of Interoil with immediate effect to enable him to focus on his commitments in Colombia. The Board would like to thank Jose Francisco for his wise counsel and contribution and the Board looks forward to continuing to work with him in Colombia.

Following the resignation of Jose Francisco Chalela, the Board of Interoil consists of the following directors:

Ricardo Nicolas Mallo Huergo, Chairman
Alejandro Oscar Jotayan
Matthieu Etienne Milandri
Maria Rosa Siles Moreno
Dolores Rivas Goncalves
Mimi Kristine Berdal

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 the 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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