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2016-05-10

Interoil Exploration & Production ASA: Production update 2016

Average production in April 2016, compared to average production in March
2016, was:

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| IOX licences* April 2016 March 2016 |
| Boe/d** Bopd*** Boe/d** Bopd*** |
| Colombia 1 139 670 1 209 718 |
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| Operator licences April 2016 March 2016 |
| Boe/d** Bopd*** Boe/d** Bopd*** |
| Colombia 485 485 476 476 |
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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 36,7/bbl in April.

Gas has been sold at average net sales price: USD 21,2/bbl in April.

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

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 70 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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