The board of directors of InterOil Exploration & Production ASA (IOX) has
appointed Tom Wolden as new Managing Director of the Company. Wolden is
currently the COO of InterOil and has been with the company since 2006. Wolden
has 28 years of experience within the oil and gas industry, including Saga
petroleum, Nopec and PGS.

- The Board is pleased that Mr. Wolden has chosen to accept the position. We are
convinced that Tom, with his long experience both from the industry and the
company, is the right individual to continue our efforts to build a strong,
efficient and profitable company.

Nils Trulsvik will continue as Advisor to the Board.  Together with InterOil's
Chairman, Mårten Rød and financial advisor Kris Jakobsen, this team will
co-operate to secure the refinancing and give this effort maximum focus.

"It is important, in light of the challenges that InterOil is now facing, that
the company has focus on both production and the financing.  The above
restructuring should achieve both goals", says Mårten Rød, Chairman of InterOil.

For more information please contact:

Fredrik von Zernichow
Investor Relation Manager
Tel: +47 6751 8661
Mob: +47 9927 3843
Fax: +47 6751 8660
E-mail: f.zernichow@interoil.no
***************************

InterOil Exploration & Production ASA is a Norwegian based exploration and
production company - listed on the Oslo Stock Exchange - with focus on
Latin-America and West-Africa. The company is operator of several production and
exploration assets in Peru and Colombia, and is an active license partner in
Angola and Ghana. InterOil currently employs approximately 250 people and is
headquartered in Oslo.

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


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