Interoil Exploration and Production ASA（以下简称“公司”）宣布，其哥伦比亚子公司 Interoil Colombia Exploration and Production（以下简称“CEP”）已与哥伦比亚国家碳氢化合物管理局（以下简称“NH”）达成协议，部分终止 ICEP 与 ANH 之间关于 LLA-47 区块的勘探与生产合同（以下简称“LA-47 合同”）。

此次合同终止是基于社区对勘探活动的坚决反对，这种反对长期阻碍了勘探活动的正常开展和勘探承诺的履行，这促使 ANH 多次延长和暂停合同期限。

根据该部分终止，LLA-47 合同中有关勘探活动和承诺的条款应终止，该区块的勘探区域应交还给 ANH，但不影响 Vikingo 油井开采区域的生产，这些区域未被社区反对，并应在该油井的剩余经济寿命内继续生产。

根据 ICEP 和 ANH 即将达成的终止协议的条款，LLA-47 合同的终止应在 ICEP 或公司不因勘探承诺的受挫或要求在其他区域履行 LLA-47 合同中产生的任何勘探投资承诺而进行任何形式的罚款或补偿的情况下进行。

这些承诺包括钻探九 (9) 口勘探井，总勘探投资为 27,000,000 美元。反过来，预计 Vikingo 油井开采区的产量将在该油井的剩余经济寿命内持续。

此外，出于与 LLA-47 合同相同的原因，预计 ICEP 和 ANH 之间在相邻 Altair 区块的勘探和生产合同（“Altair 合同”）也将终止。ICEP

或公司无需支付任何形式的罚款或赔偿，也无需在其他区域履行 Altair 合同中唯一未决的勘探投资承诺，即钻探一 (1) 口勘探井，勘探投资价值为 3,000,000 美元。在这种情况下，合同终止将是全部终止，而不是部分终止，因为 Altair 区块尚未投产，ICEP 不会保留任何开采区域。

作为终止程序的一部分，并根据 LLA-47 合同的规定，ANH 已允许 ICEP 将 LLA-47 合同的担保金额从总计 11,100,000 美元减少至 100,000 美元。ANH 还同意将 Altair 合同的担保金额从 300,000 美元减少至 100,000 美元。LLA-47 合同

的终止应提交 ANH 内部委员会审议，并签署部分终止备忘录，其中规定，将区块的勘探区域交还给 ANH，向社区报告终止情况，签发在该地区开展的勘探活动的确认书，以及关于劳工和供应商付款的若干证书和结清收据。

公司还应召集公司发行的 2015/2026 年优先担保可赎回债券持有人以书面形式批准终止本通知。在向债券持有人分发该提议时，公司将另行发布公告。

Interoil Exploration and Production ASA (the "Company") announces that its Colombian subsidiary, Interoil Colombia Exploration and Production (“ICEP”), has reached an agreement with the Colombian National Hydrocarbons Agency -Agencia Nacional de Hidrocarburos- (the “ANH”) for a partial termination of the Exploration and Production contract between ICEP and the ANH over the LLA-47 block (the “LLA-47 Contract”).

This contract termination is predicated upon the difficulties related to community's unflinching opposition to exploration activities that have prevented normal development of activities and satisfaction of exploratory commitments for an extensive period of time, which motivated several time extensions and suspensions granted by the ANH to contract term.

Under such partial termination, the provisions of the LLA-47 Contract concerning exploration activities and commitments shall be terminated and the exploration area of the block shall be handed back to the ANH, but without affecting production from the Vikingo well exploitation area that has not be objected by the communities and that shall continue for the remaining economic life of the well.

Subject to the terms of the termination agreement to be entered into by ICEP and the ANH, the termination of the LLA-47 Contract shall be made without penalties or compensations of any kind to be made by ICEP or the Company for the frustration of the exploration commitments, or requirements to carry out in other area any of the exploratory investment commitments arising out of the LLA-47 Contract and pending at present.

These commitments consist in the drilling of nine (9) exploration wells representing an aggregate exploration investment of USD 27,000,000. In turn, production from the Vikingo well exploitation area is expected to continue for the remaining economic life of the well.

In addition, and for the same reasons that affected the LLA-47 Contract, a termination of the Exploration and Production contract between ICEP and the ANH over the neighboring Altair block (the “Altair Contract”) is also expected.

This termination would also be made without penalties or compensations of any kind to be made by ICEP or the Company, or requirement to carry out in other area the only exploratory investment commitment pending in the Altair Contract consisting in the drilling of one (1) exploration well, with an exploration investment value of USD 3,000,000. In this case, contract termination would be total rather than partial as the Altair block is not in production and no exploitation area would be retained by ICEP.

As part of the termination process, and in accordance with the provisions of the LLA-47 Contract, the ANH has permitted ICEP to reduce the guarantees securing the LLA-47 Contract from a total of usd 11,100,000 to a sum of USD 100,000. A reduction also to USD 100,000 of the USD 300,000 guarantee securing the Altair Contract has also been granted by the ANH.

Termination of the LLA-47 Contract shall be submitted to the consideration of an internal Committee of the ANH and execution of the Minutes of Partial Termination providing, inter alia, for the transfer back to the ANH of the exploration area of the block, the reporting of the termination to the communities, the issue of acknowledgements of exploration activities carried out in the area and several certificates and clearance receipts on labor and suppliers payments.

The Company, in turn, shall also summon for a written resolution approving the terminations referred to herein by the holders of the Senior Secured Callable Bonds 2015/2026 issued by the Company. A separate announcement will be made when the proposal to the bondholders is distributed.