Interoil Exploration & Production ASA: Production

Average production in January 2017, compared to average production in December 2016, was:

*Working interest average daily production before royalty **Barrels of oil including associated gas ***Barrels of oil

Oil has been sold at average net sales price: USD 50/bbl in January.

Gas has been sold at average net sales price: USD 19,5/boe in January.

Operations & Maintenance Contract sales price: base production USD 17/bbl - additional production USD 9/bbl in January.

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 70 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.