Ån0^0-Åe*r

NORDIC TRUSTEE
Denne meldingen til obligasjonseierne er kun utarbeidet
kontah Nordic Trustee ASA
på
engelsk.
For informasjon
vennligst
To the Bondholders in:
NO 001
00584683
15.00 per cent InterOil Exploration & Production ASA Senior Callable
Bond Issue 20fi12016
Oslo, 20 lanuary 2015
RECORD DATES FOR PAYMENTS
IN RELATION TO TI{E
FINAI\CIAL
RESTRUCTURING OF INTEROIL EXPLORATION A}tD PRODUCTION ASA
Reference is made to the summons to Bondholders'Meeting dated 6 January 2015 (the "Summons").
Defined terms used herein shall have the same meaning as given to ttrem in the Summons.
The record date for the below distributions
will
be end of business on 22 January 2015 (the "Record
I)ate"):
1)
Shares in
Interoil Exploration and Production ASA
As part of the Restructuring a portion of the Bond Loan will be converted into 65,000,000 new shares
in Interoil. The Bond Trustee will hold these shares on behalf of the Bondholders until they will be
transferred to the registered holders of Bonds as of the Record Date after the expry of the of;fer period
for the mandatory offer from Andes Energia plc for the remaining shares in the Company. The
Bondholders will receive 104,838.71 shares in Interoil per Bond with face value of NOK 500,000
held, rounded down to the nearest share. The new shares cannot be sold until the shares have been
distributed to the Bondholders.
2)
Issue of New Bond Loan in
Interoil Exploration and Production ASA
As part of the Restructuring the remaining amount of the Bond Loan will be converted into USD
30,000,000 of the New Bond Loan (ISIN NO0010729908). The Bondholders will receive USD
48,387.10 in the New Bond Loan per Bond with face value of NOK 500,000 held, rounded down to
the nearest New Bond with face value of USD 1. The New Bond Loan is expected to be issued on or
abotfi26 January 2015 to the registered holders of the Bonds as of the Record Date.
3)
Payment of interest originally due on 14 December20l4
The Bondholders will receive ttre interest coupon originally due on 14 December 2014 after deduction
for settlement of advisor fees and other costs and expenses incurred by the Bond Trustee or by or on
behalf of the Bondholders. The amount to be distributed to the Bondholders will be published before
the payment date, expected to be on or about 2 February 2015 to the registered holders of the Bonds as
of the Record Date.
Yours sincerely
Nordic Trustee ASA
Ån0^0-Åe*r
Lars Erik Lærum