SINGAPORE, May 30, 2013 /CNW Telbec/ – The Chandler Corporation
announced today that Orchid Capital Investments Pte. Ltd. (“Orchid”)
has, on 29 May 2013, acquired beneficial ownership of 375,000 common
shares (the “Purchased Shares”) in the capital of InterOil Corporation
(the “Issuer”), representing approximately 0.7708% of the issued and
outstanding common shares of the Issuer. As a result of this purchase,
Orchid’s shareholding in the Issuer is now an aggregate of 8,354,011
common shares of the capital of the Issuer, representing approximately
17.1707% of the issued and outstanding common shares of the Issuer. The
Purchased Shares were purchased through the facilities of the New York
Stock Exchange at an average price of US$81.7423 per common share.

As a result of this acquisition and pursuant to applicable Canadian
securities laws, each of Chandler Holdings Limited (“CHL”), CHL’s sole
shareholder, Chandler Corporation (“CC”), CC’s sole shareholder, Athena
Holdings Limited (in its capacity as trustee of the Chandler Group
Trust, a discretionary trust) and CHL’s direct wholly-owned subsidiary,
Chandler Capital Pte. Limited (“CCPL”) (which owns all of the shares of
Orchid), is deemed to beneficially own the Purchased Shares. CHL
exercises control and direction over the Purchased Shares.

The Purchased Shares were acquired in the ordinary course of business.
Orchid, CCPL, CHL, CC and Athena Holdings Limited (in its capacity as
trustee of the Chandler Group Trust, a discretionary trust) may, from
time to time and at any time, subject to applicable securities laws,
acquire additional common shares of the Issuer and/or other equity,
debt or other securities or instruments (collectively, “Securities”) of
the Issuer in the open market or otherwise may dispose of any or all of
its Securities in the open market or otherwise, at any time and from
time to time, and to engage in any hedging or similar transactions with
respect to the Securities, in each case subject to applicable
securities laws.

About the Chandler Corporation
The Chandler Corporation builds and invests in energy and environment,
consumer, financial services, and healthcare businesses, with
operations in Asia and the Pacific, Africa, the Americas, Europe, and
the Middle East. The Chandler Corporation’s vision of Building Great
Companies and Great Nations reflects its belief in the power of
business to drive national prosperity. In all its work, the Chandler
Corporation places a special emphasis on good corporate governance as a
crucial element of business sustainability and increasing stakeholder
value.

SOURCE Chandler Corporation