IPC Updated Share Capital (31 January 2023)

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) reports the following, in accordance with the Swedish Financial Instruments Trading Act:Following the cancellation of 738,243 common shares repurchased by IPC under the share repurchase program, the total number of issued and outstanding common shares of the Corporation is 136,089,756 common shares with voting rights as at January 31, 2023, of which IPC holds 71,416 common shares in treasury.