Senior Management Changes

Alejandro Jotayan has stepped down from the board and his position as Chief Executive Officer. Pablo Arias in the interim will assume the responsibilities of CEO as well CFO. Leandro Carbone has been appointed Chief Operating Officer. There will be no new appointments to the board.

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 71 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.

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Source: Interoil Exploration & Production ASA via GlobeNewswire