Approval of share issue in Interoil

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Interoil Exploration & Production ASA

NOT TO RELEASE, PUBLISH OR DISTRIBUTE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR IN ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE ILLEGAL.

Oslo, July 4, 2022

Interoil Exploration and Production ASA (the “Company”) refers to its previous announcements regarding the pending issue of shares of the Company with gross proceeds of up to NOK 30 million at a price per share of NOK 1.30 ( the “Issue of Shares”).

The Board of Directors of the Company has resolved to allot and issue a total of 15,201,296 shares in the share issue at a subscription price of NOK 1.30 per share, which will yield total gross proceeds of NOK 19,761,684.80 to the Company.

The allotment notices will be distributed to subscribers on or around July 5, 2022. The payment date for the Issuance is set for July 7, 2022. The shares allotted and issued under the Issuance will be delivered following the registration of the capital increase linked to the Capital Increase. Share the show with the Norwegian Register of Commercial Enterprises.

Following the registration of the capital increase linked to the issue of shares, the Company will have a share capital of NOK 98,681,712.50 divided into 197,363,425 shares, each with a nominal value of 0 .50 NOK.

Important Notice

The distribution of this announcement and other information may be restricted by law in certain jurisdictions. No copy of this announcement is being made and may not be distributed or sent to any jurisdiction in which such distribution would be unlawful or would require registration or other action. Persons in possession of this announcement or such other information are responsible for informing themselves of and observing these restrictions.

The securities referred to in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) and, therefore, may not be offered or sold in the United States absent registration or applicable authorization. exemption from the registration requirements of the Securities Act and in accordance with applicable United States securities laws. The Company does not intend to register any part of the offering or its securities in the United States or to make a public offering of securities in the United States.

This communication is only being distributed and is directed only to persons in the United Kingdom who are (i) investment professionals falling within section 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) property entities and other persons to whom this announcement may lawfully be communicated, falling within section 49(2)(a) to (d) of the Order (all such persons being referred to together as “data subjects”). This communication should not be exploited or relied upon by persons who are not data subjects. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will only be engaged in with Relevant Persons. Persons distributing this communication should ensure that it is legal to do so.

This announcement is for informational purposes only and should not be relied upon as a substitute for the exercise of independent judgment. This is not investment advice. This press release is an advertisement and not a prospectus within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on prospectuses to be published when securities are offered to the public or admitted to trading on a market regulated and repealing Directive 2003/71/EC (as amended) as implemented in any Member State.

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Please direct any further questions to: ir@interoil.no
This information is subject to the disclosure requirements of Section 5-12 of the Norwegian Securities Act.

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Interoil Exploration and Production ASA is a Norway-based exploration and production company listed on the Oslo Stock Exchange with a focus on Latin America. The Company is the operator and licensee of several production and exploration assets in Colombia and Argentina, headquartered in Oslo.

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