Subscriptions by large shareholders and extension of application period for Share Issue in Interoil Exploration and Production ASA

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 revealed on 6 April 2021 in which the Company introduced the graduation of the application period for a share difficulty 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 obtained assist from two of the Company’s largest shareholders, Genipabu Investments LLC and Integra Oil and Gas S.A. who in mixture have utilized for shares in an quantity of roughly NOK 3,000,000, equal to eight% of the utmost dimension 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 might be open for functions 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 might be despatched to the applicant on or about 22 April 2021 by means of a notification by means of 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 predicted to happen on or about 4 May 2021. The Company reserves the suitable to shut or additional prolong the application period at any time at its sole discretion, at quick discover.

The Prospectus is obtainable on the Company’s website on the following hyperlink:

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

Norwegian traders with entry to VPS investor companies may additionally entry the Prospectus and submit functions 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 direction of Norwegian traders and worldwide institutional traders 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 contains the difficulty of as much as 25,342,462 new shares in the Company at a subscription worth 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 might 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 data relating to the Share Issue and the phrases thereof, is included in the Prospectus.

Important Notice

The distribution of this announcement and different data could also be restricted by legislation in sure jurisdictions. Copies of this announcement should not being made and will not be 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 data ought to come are required to tell themselves about and to look at any such restrictions.

The securities referred to in this announcement haven’t been and is not going to be registered beneath the U.S. Securities Act of 1933, as amended (the “Securities Act”), and accordingly will not be provided or bought 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 can 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 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 should not related individuals. Any funding or funding exercise to which this communication relates is obtainable solely for related individuals and might 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 data functions solely and is to not be relied upon in substitution for the train of impartial judgment. It is just not meant as funding recommendation.

This announcement is an commercial and is just not 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 provided 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 data is topic of the disclosure necessities of part 5-12 of the Norwegian Securities Trading Act.

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