IPC announces 2018 Annual General Meeting voting results

July 11, 2018

International Petroleum Corporation (“IPC” or the “Corporation”) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce the voting results from the Corporation’s 2018 Annual General Meeting of Shareholders (the “2018 AGM”) held on July 10, 2018 in Calgary, Alberta.

Number of Directors
The number of Directors of the Corporation was set at seven.

Votes For	% For	Votes Against	% Against
43,625,039	99.96	16,192	0.04

Election of Directors
The seven nominees listed in the Corporation’s management information circular dated May 30, 2018 (the “Circular”) were elected as Directors of the Corporation to hold office for the ensuing year.

Nominee	Votes For	% For	Votes Withheld	% Withheld
Lukas H. Lundin	42,851,412	98.19	789,819	1.81
Mike Nicholson	43,126,554	98.82	514,677	1.18
C. Ashley Heppenstall	43,357,105	99.35	284,126	0.65
Donald Charter	43,371,109	99.38	270,122	0.62
Chris Bruijnzeels	43,627,869	99.97	13,362	0.03
Torstein Sanness	43,040,531	98.62	600,700	1.38
Daniella Dimitrov	43,631,765	99.98	9,466	0.02

Appointment of Auditor
PricewaterhouseCoopers AG was appointed as auditor of the Corporation for the ensuing year and the Directors of the Corporation were authorized to fix the remuneration of the auditor.

Votes For	% For	Votes Withheld	% Withheld
43,639,337	99.98	6,838	0.02

Performance and Restricted Share Plan
The Corporation’s Performance and Restricted Share Plan (the “Plan”), as more particularly described in the Circular, was approved.

Votes For	% For	Votes Against	% Against
37,477,164	85.88	6,164,067	14.12

As also described in the Circular, the amendments to the Corporation’s existing Stock Option Plan became effective following the 2018 AGM approval of the Plan.

Additional Information
IPC further announces that it has selected Sweden as the home member state pursuant Chapter 2, Section 8 of
the Swedish Securities Market Act (Sw. lag (2007.528 om värdepappersmarknaden)).