Exchange Bulletin

International Petroleum Corporation (IPCO) To Trade On Toronto Stock Exchange


April 20, 2017
Issuer: International Petroleum Corporation (the "Company")
Security: Common Shares
Symbol(s): IPCO
Number of securities issued and outstanding: 113,462,148
Number of securities reserved for issuance: 8,577,738
Listing category: Producing oil and gas companies, non-exempt
CUSIP: 46016U 10 8
Trading currency: CDN $
Transaction: As part of an internal reorganization of Lundin Petroleum AB ("Lundin"), a public company in Sweden, the Company's Common Shares will be distributed by Lundin to all of its shareholders pursuant to a statutory procedure under the laws of Sweden (the "Distribution").
Listing date: April 21, 2017 (as at 5:01 pm) in anticipation of closing of the Distribution.
Anticipated closing date: April 24, 2017 (prior to the opening)
Posted for trading date: April 24, 2017 (at the opening) subject to confirmation of closing of the Offering.
Other market(s): Nasdaq First North
Temporary market maker: AltaCorp Capital Inc.
Security ownership registration: Direct Registration System
Investor relations: Rebecca Gordon
Tel: 41225951064
Email: rebecca.gordon@international-petroleum.com
Incorporation: Business Corporations Act (British Columbia)
Fiscal year end: December 31
Nature of business: The Company is an oil and gas producer with material assets in Malaysia, Netherlands and France.
Transfer agent and registrar: Computershare Investor Services Inc., at its office in Calgary.
Dividends: The Company does not currently anticipate paying dividends on its Common Shares.
Sponsorship: BMO Nesbitt Burns Inc.
Disclosure document: Prospectus dated April 17, 2017 which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.
Additional Information: As described on page 39 of the Prospectus, the Board has resolved to cause Lundin Petroleum B.V., a subsidiary of the Company, to make an offer to all holders of its Common Shares to purchase up to U.S. $100 Million for consideration of Cdn. $4.77 (the "Offer"). The Offer will remain open for a period of approximately three weeks, during which time, holders of Common Shares may tender all but not less than all of their Common shares to the Offer. An additional bulletin will be issued by TSX at a later time when further details of the Offer are published on SEDAR.
TSX contact: Julie K. Shin,
Director, Listed Issuer Services,
Toronto Stock Exchange.

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