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2015-10-09

Interoil Exploration & Production ASA : Production update 2015

Average production in September 2015, compared to average production in August
2015, was:

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| IOX licences* September 2015 August 2015 |
| Boe/d** Bopd*** Boe/d** Bopd*** |
| Colombia 1 236 783 1 291 824 |
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| Operator licences September 2015 August 2015 |
| Boe/d** Bopd*** Boe/d** Bopd*** |
| Colombia 554 554 547 547 |
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*Working interest average daily production before royalty
**Barrels of oil including associated gas
***Barrels of oil

Oil has been sold at average net sales price: USD 43.7/bbl in September.

Gas has been sold at average net sales price: USD 18,6/bbl in September.

Operations&Maintenance Contract sales price: USD 17/bbl in September.

Please direct any further questions to:ir@interoil.no.

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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. Interoil currently employs approximately 95 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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