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Regulatory press release

Panoro Energy ASA: Panoro Energy announces results of 2023 Annual General Meeting

Panoro Energy
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Oslo, 24 May 2023- Panoro Energy ASA (the "Company" or "Panoro" with OSE ticker: PEN), an independent oil and gas company, held its 2023 Annual General Meeting of Shareholders virtually through the facilities of Euronext today, and the nominees listed in the notice of the General Meeting were elected as directors of the Company. Mr. Julien Balkany and Mr. Torstein Sanness were re-appointed as Chairman and Deputy Chairman of the Board of Directors, respectively.

All resolutions presented for approval at the General Meeting were duly passed. A copy of the minutes of the Annual General Meeting is available to download from the meetings section on our website at www.panoroenergy.com and as an enclosure to this press release.

Enquiries

For further information, please contact: Investors: investors@panoroenergy.com

About Panoro Energy

Panoro Energy ASA is an independent exploration and production company based in London and listed on the main board of the Oslo Stock Exchange with the ticker PEN. Panoro holds production, exploration and development assets in Africa, namely interests in Block-G, Block S and Block EG-01 offshore Equatorial Guinea, the Dussafu Marin License offshore southern Gabon, the TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia, and interests in offshore exploration Block 2B and onshore Technical Co-operation Permit 218 in South Africa.

Visit us at www.panoroenergy.com

Follow us on Linkedin at www.linkedin.com/company/panoro-energy

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

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