Summons for a written resolution - amendments to the senior secured callable bond terms

15 Jul 2024 09:51 CEST

Oslo, 15 July 2024

Interoil Exploration and Production ASA (the "Company") has today requested
Nordic Trustee AS to summon for a bondholders' written resolution (the
"Summons") for the Company's senior secured callable bonds with ISIN NO
001 0729908 (the "Bonds").

The purpose of the written resolution is to approve a proposal to amend the bond
terms regarding the settlement of the interest payment on the Bonds falling due
on 31 July 2024 (the "July Interest Payment"). The Company wishes to settle the
full July Interest Payment in kind by issuing and delivering additional Bonds
(the "July PIK Bonds") with terms and conditions substantially equal to those of
the outstanding Bonds and the same interest rate as the outstanding Bonds at a
rate of eight point fifty per cent (8.50%).

For further background and details of the proposed resolution, please see the
attached Summons.

The proposed resolution will be passed if a simple majority of the voting bonds
vote in favor of the proposed resolution prior to the expiry of the voting
period. The voting period shall expire ten (10) business days after the date of
the Summons, i.e., at 5 pm Oslo time on 29 July 2024.

Please direct any further questions to: ir@interoil.no (mailto:ir@interoil.no)

***

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 and license holder of several production and
exploration assets in Colombia and Argentina with headquarter in Oslo.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

623644_NO0010729908_SB_20240715.pdf