Interoil Exploration & Production ASA : Interoil Exploration & Production ASA : Completion of Subsequent Offering

Interoil Exploration & Production ASA : Interoil Exploration & Production ASA
                     : Completion of Subsequent Offering

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, CANADA, AUSTRALIA, HONG KONG OR JAPAN OR ANY OTHER JURISDICTION IN
WHICH
SUCH DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS STOCK EXCHANGE NOTICE.

Reference is made to the prospectus dated 25 March 2013 and the stock exchange
announcement dated 25 March 2013 concerning the subsequent offering (the
"Subsequent Offering") of up to 7,882,500 shares (the "Offer Shares") in
Interoil Exploration and Production ASA (the "Company") at a subscription
price of NOK 1.00 per share.

The subscription period in the Subsequent Offering ended on 9 April 2013 at
16.30 hours (CET). As a result of the Subsequent Offering, the Company will
issue 4,138,145 Offer Shares at NOK 1.00 per share raising gross proceeds of
NOK 4,138,145.

All subscribers being allotted Offer Shares will receive a letter confirming
the number of Offer Shares allotted to the subscriber and the corresponding
amount to be paid. This letter is expected to be distributed on or about 10
April 2013.

Payment for the Offer Shares will fall due on 15 April 2013 and delivery will
take place on or about 17 April 2013. Following registration of the issue of
the Offer Shares the total number of issued shares in the Company will
increase by 4,138,145 shares, from 247,765,000 shares to 251,903,145 shares.

The Offer Shares may not be transferred or traded before they are fully paid
and the share capital increase pertaining to the Subsequent Offering has been
registered with the Norwegian Register of Business Enterprises. It is expected
that the share capital increase will be registered in the Norwegian Register
of Business Enterprises on or about 17 April 2013 and that the Offer Shares
will immediately thereafter be admitted to trading on Oslo Børs.

The Manager of the Subsequent Offering is Pareto Securities AS.

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

***************************

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, Colombia and Ghana. InterOil currently employs approximately
275 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.

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Interoil Exploration & Production ASA via Thomson Reuters ONE
HUG#1691829
 
Press spacebar to pause and continue. Press esc to stop.