05.08.11 - APPROVED PROSPECTUS

The Financial Supervisory Authority of Norway has approved the following
prospectus


The Financial Supervisory Authority of Norway has approved the following
prospectus:

Rights Issue of up to 319 504 609 new shares towards existing shareholders in Independent Oil & Resources ASA. The subscription price is NOK 0.10 per share.

110734_IO&R_Prospectus_v2_lr

The subscription period is from and including 8 August 2011 to 22 August 2011 at 17:30 CET.

The Manager of the Rights Issue is First Securities AS. The prospectus will be available on the following web sites:

www.independentresources.no
www.first.no

The prospectus together with subscription form will also be available free of charge at the business offices of Independent Oil & Resources ASA and First Securities AS.

This information is subject of the disclosure requirements according to §5-12 of the Norwegian Securities Trading Act.

For further information - please contact Jan Egil Moe : Phone +47 40400430.


Bergen, 5 August 2011
Board of Directors

Related

Independent Oil & Resources ASA
Midtgårdveien 30185 | 4065 Stavanger | Phone: +47 51 81 94 00 | Fax: +47 58 84 94 99 | iot@independent.no
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