Interoil Q4 2018 report

Oslo, 28 February 2019

• Production and revenues increased in Q4 as Vikingo came back on stream on 1 November after workover operation. The well was temporarily shut in again from 18 December while establishing alternative export options for products.
• The Company delivered an EBITDAx (EBITDA adjusted for exploration costs and non-recurring items) of USD 1.8 million.
• Net comprehensive losses came in at USD 0.4 million (Q3 2018: USD 0.8 million loss).
• On 5 February, Vikingo well was put back on stream. Production is now being transported through Perenco's pipeline at Oropendola station 15 km east from Vikingo

See attached quarterly report for further information

Please direct any further questions to: 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. 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.

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