Update: InterOil Approves And Files Amended New By-Law No. 2

InterOil Corporation

announces that, following discussions with institutional investors as well as institutional advisory services, InterOil has amended the advanced notice provisions in the new by‐law no. 2 to meet recent best practice standards. The advanced notice provisions in the new by‐law no. 2 of InterOil, which was approved on April 24, 2013, and modified on June 17, 2013, by the board of directors, and which has been filed on SEDAR, is subject to the approval of InterOil's shareholders at the upcoming annual and special meeting of shareholders to be held on June 24, 2013. The amended new by‐law no. 2 has been filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov) and is available on InterOil's website (www.interoil.com). Shareholders can also request a copy from InterOil's Corporate Secretary (Geoff.Applegate