Subscriptions by large shareholders and extension of application period for Share Issue in Interoil Exploration and Production ASA Oslo Stock Exchange:IOX

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Interoil Exploration and Production ASA (the “Company”) refers back to the announcement printed on 6 April 2021 in which the Company introduced the graduation of the application period for a share problem with gross proceeds of as much as NOK 37,000,000 (the “Share Issue”).

The Company is happy to announce that the Share Issue has acquired help from two of the Company’s largest shareholders, Genipabu Investments LLC and Integra Oil and Gas S.A. who in combination have utilized for shares in an quantity of roughly NOK 3,000,000, equal to eight% of the utmost measurement of the Share Issue.

The Company has additionally resolved to increase the application period for the Share Issue with one week, in order that the Share Issue will probably be open for purposes till 20 April 2021 at 16:30 (CEST). The extension is finished in accordance with the phrases of the nationwide prospectus registered in Norway (the “Prospectus”). Under the brand new timeline, allocation of the Offer Shares will happen on or about 21 April 2021. Information of allocation and fee directions will probably be despatched to the applicant on or about 22 April 2021 by method of a notification by VPS or a notification issued by the Company. Payment for allotted Offer Shares will fall due on 23 April 2021, and supply of Offer Shares is anticipated to happen on or about 4 May 2021. The Company reserves the proper to shut or additional prolong the application period at any time at its sole discretion, at quick discover.

The Prospectus is accessible on the Company’s web page on the following hyperlink:

https://www.interoil.no/?page_id=5469

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

https://investor.vps.no/sc/servlet/no.vps.sc.servlets.SCLogonServlet?ISIN=XL0010024772&TSted=000VP&Sig=d440afac9e282bab27d43d27f905c86cdc4f78f933940c6808ca09e7c2dc9caa

The Share Issue is directed in the direction of Norwegian 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 Share Issue includes the problem of as much as 25,342,462 new shares in the Company at a subscription value of NOK 1.46 per share. The minimal subscription quantity in the Share Issue is NOK 10,000.

Allocations of shares in the Share Issue will probably 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 concerning the Share Issue and the phrases thereof, is included in the Prospectus.

Important Notice

The distribution of this announcement and different info could also be restricted by regulation in sure jurisdictions. Copies of this announcement are usually not 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 underneath the U.S. Securities Act of 1933, as amended (the “Securities Act”), and accordingly is probably not provided 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 barely being distributed to and is barely directed at individuals in the United Kingdom which might be (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 might 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 are usually not related individuals. Any funding or funding exercise to which this communication relates is accessible solely for related individuals and will probably 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 impartial judgment. It just isn’t meant 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 printed when securities are provided to the general public or admitted to buying and selling on a regulated market, and repealing Directive 2003/71/EC (as amended) as carried out in any Member State.

Please direct any additional inquiries to: [email protected]

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

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