IPC to Arrange Fixed Income Investor Meetings

International Petroleum Corporation ("IPC" or the "Corporation") (TSX, Nasdaq Stockholm: IPCO) announces that it is planning to arrange fixed income investor meetings in connection with a potential tap issue under the outstanding USD 300 million 7.25% senior unsecured bonds with maturity in 2027 (ISIN NO 0012423476).

IPC has mandated Arctic Securities and Pareto Securities as Joint Lead Managers and Bookrunners, to arrange a series of fixed income investor meetings commencing Monday, March 13, 2023. Subject to market conditions, a tap issue of up to USD 200 million may follow. The purpose of the tap issue is for general corporate purposes.