Revised terms and extension of application period for Share Issue in Interoil Exploration and Production ASA

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Interoil Exploration and Production ASA (the “Company”) refers back to the bulletins revealed on 6 April 2021 in which the Company introduced the graduation of the application period for a share problem (the “Share Issue”) and the announcement revealed on 12 April 2021 relating to purposes by giant shareholders and extension of the application period for the Share Issue.

The Company has resolved to amend the terms of the Share Issue in order that the subscription worth is about to NOK 1.20 per share. The most quantity of shares to be issued in the Share Issue will stay at 25,342,462, in order that the utmost gross proceeds from the Share Issue can be roughly NOK 30.4 million.

The beforehand introduced purposes from two of the Company’s largest shareholders, Genipabu Investments LLC and Integra Oil and Gas S.A. for shares in an quantity of roughly NOK 3,000,000, stay in place, and consequently cowl roughly 10% of the utmost dimension of the Share Issue. A 3rd shareholder, International Capital Markets Group, Inc. has additionally subscribed, bringing the overall confirmed subscriptions to roughly 12% of the Share Issue.

In addition, the Company is happy to announce that Norwegian institutional investor MP Pensjon PK has confirmed it’s going to take part with as much as 10% of the brand new shares, bringing the overall curiosity from cornerstone buyers to roughly 22% of the Share Issue.

The Company has additionally resolved to increase the application period for the Share Issue, in order that the Share Issue can be open for purposes till 23 April 2021 at 16:30 (CEST). Under the brand new timeline, allocation of the Offer Shares will happen on or about 26 April 2021. Information of allocation and fee directions can be despatched to the applicant on or about 27 April 2021 by approach of a notification by VPS or a notification issued by the Company. Payment for allotted Offer Shares will fall due on 28 April 2021, and supply of Offer Shares is predicted to happen on or about 7 May 2021. The Company reserves the proper to shut the application period at any time at its sole discretion, at quick discover.

The revision of terms for the Share Issue are topic to the publication of a supplemental nationwide prospectus registered in Norway, which can be revealed by the Company in a separate announcement as quickly as doable. Applications already acquired in the Share Issue and additional purposes acquired previous to publication of the supplemental prospectus will following publication of the supplemental prospectus be adjusted in accordance with the brand new terms with out the necessity to submit a brand new application. Further particulars can be offered in the supplemental prospectus.

The Share Issue stays directed in the direction of Norwegian retail and institutional buyers and worldwide institutional buyers pursuant to and in compliance with relevant exemptions from related registration, submitting and prospectus necessities, and topic to different relevant promoting restrictions.

The authentic prospectus for the Share Issue is out there on the Company’s web page on the following hyperlink, and the supplemental prospectus can be added thereto as quickly because it has been registered and revealed:

Norwegian buyers with entry to VPS investor companies may additionally entry the Prospectus and submit purposes on-line through the use of the next hyperlink:

Allocations of shares in the Share Issue can be made on the discretion of the Company’s Board of Directors and the completion of the Share Issue is conditional upon approval by the Company’s Board of Directors.

Further info relating to the Share Issue and the terms thereof, is included in the Prospectus.

Important Notice

The distribution of this announcement and different info could also be restricted by legislation in sure jurisdictions. Copies of this announcement aren’t being made and is probably not distributed or despatched into any jurisdiction in which such distribution can be illegal or would require registration or different measures. Persons into whose possession this announcement or such different info ought to come are required to tell themselves about and to watch any such restrictions.

The securities referred to in this announcement haven’t been and won’t be registered beneath the U.S. Securities Act of 1933, as amended (the “Securities Act”), and accordingly is probably not supplied or offered in the United States absent registration or an relevant exemption from the registration necessities of the Securities Act and in accordance with relevant U.S. state securities legal guidelines. The Company doesn’t intend to register any half of the providing or their securities in the United States or to conduct a public providing of securities in the United States.

This communication is simply being distributed to and is simply directed at individuals in the United Kingdom which are (i) funding professionals falling inside Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) excessive internet value entities, and different individuals to whom this announcement could lawfully be communicated, falling inside Article 49(2)(a) to (d) of the Order (all such individuals collectively being known as “related individuals”). This communication should not be acted on or relied on by individuals who aren’t related individuals. Any funding or funding exercise to which this communication relates is out there solely for related individuals and can be engaged in solely with related individuals. Persons distributing this communication should fulfill themselves that it’s lawful to take action.

This announcement is for info functions solely and is to not be relied upon in substitution for the train of unbiased judgment. It just isn’t supposed as funding recommendation.

This announcement is an commercial and just isn’t a prospectus for the needs of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on prospectuses to be revealed when securities are supplied to the general public or admitted to buying and selling on a regulated market, and repealing Directive 2003/71/EC (as amended) as applied in any Member State.

Please direct any additional inquiries to: [email protected].

This announcement has been revealed by Mr. Geir Arne Drangeid (Partner and Senior Advisor, First House AS) at 08:00 CEST on 15 April 2021.

This info is topic of the disclosure necessities of part 5-12 of the Norwegian Securities Trading Act.

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