Production update 2017    Average production

   Average production in March 2017, compared to average production in February 2017, 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 48,2/bbl in March.

Gas has been sold at average net sales price: USD 19,7/boe in March.

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

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.