International Petroleum Corporation - Notice of exercise of call option

01 Oct 2025 20:52 CEST

Reference is made to the announcement published by International Petroleum
Corporation (the "Corporation") on September 25, 2025 regarding the successful
placement of new senior unsecured bond issue.

The Corporation has today notified Nordic Trustee AS that it will exercise the
call option to redeem all outstanding bonds under its senior unsecured bond
issue 2022/2027 (with ISIN NO 0012423476), and each bondholder is hereby given
notice thereof. The entire bond issue will be repaid at a price equal to 102.18
% of the nominal amount for each redeemed bond, with record date on October 15,
2025 and call option repayment date on October 17, 2025.

Reference is made to the attached notice from Nordic Trustee AS for further
information about the call option

More information:
Access the news on Oslo Bors NewsWeb site

656521_NO0012423476_IB_20251001 (IPC exercise of call option).pdf