InterOil Exploration and Production

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

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: [email protected] (mailto:[email protected])

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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.

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