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New share capital registered

Oslo, 19 July 2019

Reference is made to the stock exchange notice published on 26 June 2019 regarding Interoil Exploration and Production ASA's (the "Company") conversion of debt to equity and the stock exchange notice published on 18 July 2019 regarding approval and publication of a listing prospectus.

The share capital increase related to the issuance of a total of 7,354,554 shares in connection with conversion of debt to the sellers of the Argentinian assets, and as further compensation to the sellers of the Argentinian assets in accordance with the anti-dilution mechanism in the contract, has now been registered with the Norwegian Register of Business Enterprises. The Company's new share capital is NOK 47,133,360, divided into 94,266,720 shares, each with a par value of NOK 0.50.

A separate announcement will be made once the share capital increase related to the issuance of 2,607,774 shares to Fedmul S.A. has been registered with the Norwegian Register of Business Enterprises.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

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Please direct any questions to ir@interoil.no

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 and Argentina. Interoil currently employs approximately 50 people, mainly in Colombia, and is headquartered in Oslo.

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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