NORSK TILLITSMANN ASA - COMMENCEMENT OF ENFORCEMENT PROCEEDINGS
(Thomson Reuters ONE) - InterOil Exploration and Production ASA has been informed that Norsk TillitsmannASA has initiated proceedings by which Norsk Tillitsmann ASA is seekingenforcement of the share pledge in our subsidiaries, InterOil Exploration andProduction Latin America AS, InterOil Exploration and Production Africa AS andInterOil Exploration and Production Ghana AS, in favour of Norsk Tillitsmann ASAas Loan Trustee of the bondholders in the FRN InterOil Exploration andProduction ASA Senior Securred Callable and Putable Bond Loan Issue med ISIN no.001.036356.7. The claim amounts to USD 115.000,000 plus interest and costs.InterOil Exploration and Production ASA is of the opinion that Norsk TillitsmannASA is not entitled to pursue the initiated enforcement proceedings and intendsto plead for the proceedings to be dismissed and/or InterOil Exploration andProduction ASA to be acquitted.The initiated sale and refinancing process will continue with the aim to securerepayment of the above referred secured loan as well as unsecured creditors. Aspreviously informed, the company aims to conclude this process by end April.For more information please contact:Fredrik von ZernichowInvestor Relation ManagerTel: +47 6751 8661Mob: +47 9927 3843Fax: +47 6751 8660E-mail: f.zernichow(at)interoil.no ***************************InterOil Exploration & Production ASA is a Norwegian based exploration andproduction company - listed on the Oslo Stock Exchange - with focus onLatin-America and West-Africa. The company is operator of several production andexploration assets in Peru and Colombia, and is an active license partner inAngola and Ghana. InterOil currently employs approximately 200 people and isheadquartered in Oslo.This information is subject of the disclosure requirements acc. to §5-12 vphl(Norwegian Securities Trading Act)[HUG#1374418]
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Datum: 18.01.2010 - 08:41 Uhr
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