Further to the letter to shareholders dated 18 May 2017, Interoil Exploration and Production ASA can confirm that Nigel Duxbury has stepped down as General Manager and Pablo Arias has stepped down as CEO/CFO. The company also announced the appointment of new management. Sandra Cancino has been appointed General Manager subject to the appropriate residency exemption being approved by Norwegian authorities.

She has extensive knowledge and experience in multiple industries and sectors across international markets and has a proven track record in leading financial, creation, restructuring and reorganization of companies in challenging settings. Leandro Carbone has been appointed Chief Executive Officer and brings over 20 years of experience in leading oil and gas projects. In recent years Leandro has been a Latin American Executive Director for many private and public companies.

Both appointments are effective as of .