International Petroleum Corporation press release

International Petroleum Corporation Updated Share Capital

2026-02-27

TSX - Toronto Stock Exchange · Oil · Bitumen · Natural Gas · Natural Gas Liquids · Canada · Financing

International Petroleum Corporation Updated Share Capital

TORONTO, Feb. 27, 2026 (GLOBE NEWSWIRE) -- 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 issuance of 671,225 common shares by IPC in connection with the vesting of employee share units under the Corporation’s Share Unit Plan, the total number of issued and outstanding common shares of the Corporation is 112,826,752 common shares with voting rights as at February 27, 2026 and IPC holds no common shares in treasury.

International Petroleum Corp. (IPC) 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. IPC is a member of the Lundin Group of Companies. IPC is incorporated in Canada and IPC’s shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm exchange under the symbol "IPCO".

For further information, please contact:

Rebecca Gordon

SVP Corporate Planning and Investor Relations

rebecca.gordon@international-petroleum.com

Tel: +41 22 595 10 50

OrRobert Eriksson

Media Manager

reriksson@rive6.ch

Tel: +46 701 11 26 15

This information is information that International Petroleum Corporation is required to make public pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the contact persons set out above, at 17:30 CET on February 27, 2026.