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Interoil Exploration & Production ASA: Production update 2017

Average production in May 2017, compared to average production in April 2017, was:

IOX licences* May 2017 April 2017
  Boe/d** Boe/d** Boe/d** Bopd***
Colombia 941 572 961 571

Operator licences May 2017 April 2017
  Boe/d** Bopd*** Boe/d** Bopd***
Colombia 474 474 485 485

*Working interest average daily production before royalty
**Barrels of oil including associated gas
***Barrels of oil

Oil has been sold at average net sales price: USD 47,6/bbl in May.

Gas has been sold at average net sales price: USD 19,7/boe in May.

Operations & Maintenance Contract sales price: base production USD 17/bbl - additional production USD 9/bbl in May.

Please direct any further questions to: ir@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 70 people and is headquartered in Oslo.

This information is subject to 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

Design & production: Innoventi