Ms. Rebecca Gordon reports

INTERNATIONAL PETROLEUM CORPORATION TO ARRANGE FIXED INCOME INVESTOR MEETINGS

International Petroleum Corp. 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.

International Petroleum has mandated Arctic Securities and Pareto Securities as global co-ordinators 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, Sept. 22, 2025. Subject to market conditions, a new $450-million (U.S.) five-year senior unsecured bond issuance may follow. The purpose of the bond issuance would be to repay International Petroleum's existing $450-million (U.S.) outstanding bond (ISIN 0012423476) by utilizing the call option. The existing bond issue is rated B plus by S&P Global Ratings and B1 by Moody's.

International Petroleum is an international oil and gas exploration and production company with a high-quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth. International Petroleum is a member of the Lundin group of companies. International Petroleum is incorporated in Canada, and International Petroleum's shares are listed on the Toronto Stock Exchange and Nasdaq Stockholm exchange under the symbol IPCO.

We seek Safe Harbor.