Richard Chandler Corporation Announces Acquisition of Shares of InterOil Corporation

SINGAPORE, June 4, 2012 /CNW Telbec/ - The Richard Chandler Corporation announced today that Orchid Fund Pte Limited ("Orchid") has, on June 1, 2012, acquired beneficial ownership of 187,351 common shares (the "Acquired Shares") of the capital of InterOil Corporation (the "Issuer"), which represent approximately 0.3889% of the issued and outstanding common shares of the Issuer.  As a result of this acquisition, Orchid's shareholding in the Issuer is now an aggregate of 6,990,724 common shares of the capital of the Issuer, which represents approximately 14.51% of the issued and outstanding common shares of the Issuer. The Acquired Shares were purchased on the New York Stock Exchange at an average price of US$66.0039 per common share.

As a result of this acquisition and applicable Canadian securities laws, each of Richard Chandler Capital Corporation ("RCCC"), RCCC's sole shareholder, Cosimo Management Limited (in its capacity as trustee of the R. F. Chandler Capital Trust, a discretionary trust) and RCCC's direct wholly-owned subsidiary, Richard Chandler Capital Corporation Pte Limited (which owns all of the shares of Orchid), is deemed to beneficially own the Acquired Shares.

The Acquired Shares were acquired in the ordinary course of business. Orchid, RCCC, Richard Chandler Capital Corporation Pte Limited and Cosimo Management Limited (in its capacity as trustee of the R. F. Chandler Capital 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 Richard Chandler Corporation

The Richard Chandler Corporation is a private investment group based in Singapore and founded by New Zealand-born entrepreneur Richard F. Chandler. The Richard Chandler Corporation's mission, Building Prosperity for Tomorrow's World, adopts a holistic approach to building sustainable prosperity through investments in financial and social enterprises. Since 1986, the Richard Chandler Corporation has provided capital to companies and governments from Asia and Africa to Latin America and Eastern Europe, and invested in a wide range of industries, such as telecoms, power, steel, banking and energy.

Further Information
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A copy of the report prepared in connection with the matters disclosed herein in accordance with applicable Canadian securities laws will be available at or by contacting Richard Chandler Corporation at the address specified below:

James Macarthur
Level 46
UOB Plaza 1
80 Raffles Place
Singapore 048624
Tel: + 65 6210 5544

SOURCE Richard Chandler Corporation

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Richard Barton
Kreab Gavin Anderson
Suite 1902-04
19/F, Kinwick Centre
32 Hollywood Road
Central Hong Kong
Tel: + 852 2523 7189

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Richard Chandler Corporation

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