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2015-04-10

Interoil Exploration & Production ASA : Production update 2015

Average production in March 2015, compared to average production in February
2015, was:

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| Production* March 2015 February 2015 |
| Boe/d** Bopd*** Boe/d** Bopd*** |
| Colombia 1 460 973 1 473 995 |
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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 sales price of USD 50.7/bbl in Colombia in March.

Gas has been sold at average sales price of USD 18.4/bbl in Colombia in March.

Please direct any further 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. 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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