The average production in December 2012, compared to the average production in November 2012, was:

Production* December 2012 November 2012
Gross Net Gross Net
Peru   2764 2764 2'861 2'861
Colombia** 1411 1026 1'458 1'063
Total   4175 3790 4'319 3'924

*The production is average daily oil production (bopd) before royalty
**InterOil's working interest in Colombia varies from 70% to 90% depending on license

Oil has been sold at average sales price of USD 106,8 in Peru and USD 101,5in Colombia per barrel during December.

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

www.interoil.no

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InterOil Exploration & 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 Peru, Colombia and Ghana. InterOil currently employs approximately 280 people and is headquartered in Oslo.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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