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2014-05-19

Interoil Exploration and Production ASA : New interim general manager of Interoil Peru

General Manager of Interoil Peru, Mr. Steve Benedetti, has decided to retire
from his position as General Manager in Peru when his current contract with
Interoil expires in June 2014.

The board and management of Interoil would like to thank Mr. Benedetti for his
considerable efforts in managing Interoil's Peruvian operations during a
difficult period.

Mr. Anders Kjøll will, with effect from 1 June 2014, take over as interim
General Manager of Interoil Peru. Mr. Kjøll is currently the Finance Manager
of Interoil Peru and has been with Interoil Peru since 2008. Mr. Rodrigo
Aguinaga will take over as Finance Manager.

For more information please contact:

Thomas J. Fjell

CEO

Mob: +47 958 15 300

E-mail: tfjell@interoil.no

Erik Sandøy

CFO

Mob: +47 488 94 426

E-mail: esandoy@interoil.no

www.interoil.no

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Interoil Exploration&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 Peru and Colombia. Interoil currently employs approximately 235
people and is headquartered in Oslo.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Interoil Exploration&Production ASA via Globenewswire

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