IPC to Arrange Fixed Income Investor Meetings (September 2025)

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 issuance of rated senior unsecured bonds to refinance its existing outstanding bond.

IPC has mandated Arctic Securities and Pareto Securities as Global Coordinators and Joint Bookrunners, together with Clarksons Securities as Joint Bookrunner and SB1 Markets as Co-Manager, to arrange a series of fixed income investor meetings commencing Monday, September 22, 2025. Subject to market conditions, a new USD 450 million 5-year senior unsecured bond issuance may follow. The purpose of the bond issuance would be to repay IPC’s existing USD 450 million outstanding bond (ISIN NO 0012423476) by utilizing the call option. The existing bond issue is rated B+ by S&P Global Ratings and B1 by Moody’s.