Regulatory press release

IOX: Interoil Exploration and Prod. ASA is placed in Penalty Bench

Euronext Oslo Børs has taken the decision to place Interoil Exploration and
Prod. ASA in the Penalty Bench, cf. section 2.9.3 (1) of the Euronext Oslo Børs
Rule Book II. Interoil Exploration and Prod. ASA is placed in Penalty Bench with
immediate effect due to failure to comply with Euronext Oslo Børs Rule Book II
section 4.3.1 annual reports and half-yearly reports.

Penalty Bench is a special compartment where the securities of issuers that do
not comply with the Rules are placed. Euronext Oslo Børs will remove securities
from the Penalty Bench and allocate the securities to the normal compartment
when the issuer has corrected the violation of the Rules that was the reason for
allocating the security to the Penalty Bench.