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New share capital registered

Oslo, 4 June 2019

Reference is made to the stock exchange notice published on 29 April 2019 regarding Interoil Exploration and Production ASA's (the "Company") acquisition of petroleum concessions in Argentina.

The share capital increase related to the issuance of a total of 22,221,851 consideration shares (the "Consideration Shares") to the sellers in the transaction has now been registered with the Norwegian Register of Business Enterprises. The Company's new share capital is NOK 43,456,083, divided into 86,912,166 shares, each with a par value of NOK 0.50.

6,400,000 of the Consideration Shares will become listed and tradable immediately after delivery to the sellers, while 15,821,851 of the Consideration Shares will be placed on a separate ISIN pending approval and publication of a listing prospectus, estimated to take place in late June 2019.

This information is subject to the disclosure requirements pursuant to Section 5-12 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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