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

19 Dec 2025 15:38 CET

Oslo, 19 December 2025

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 request bondholders' approval for
certain amendments to the bond terms to support the Company's ongoing capital
structure review and near-term liquidity requirements. The proposed amendments
include:

* Settlement of the interest payment on the Bonds falling due on 31 January
2026 in kind by the issuance and delivery of additional 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%).
* Extension of the maturity date by one year, from 31 January 2026 to 31
January 2027.
* A waiver of the requirement to publish the Q3 2025 interim accounts.
* Amendments to the financial reporting obligations, replacing quarterly
reporting with semi-annual reporting requirements, and
* Consent to dispose of certain Argentina assets, which the Company may need
to sell. This is further described in the Summons. Proceeds from any such
asset disposal will be used to strengthen the Company's liquidity position
and fund ongoing operations.

The Company is reassessing its capital structure and is preparing a broader bond
proposal to be presented to the bondholders. The proposed amendments are
intended to provide the necessary flexibility and stability during this process.

Please see the attached Summons for further background and a complete and
detailed description of the proposed resolutions.

The proposed resolutions 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 ten (10) business days after the date of this Summons, i.e. at 5 pm Oslo
Time on 7 January 2026.

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

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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 of several production and exploration assets in
Colombia and Argentina. Interoil currently employs approximately 50 people and
is headquartered 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

662570_NO0010729908_SB_20251219.pdf