Panoro Energy ASA

Panoro Energy ASA - Announces Transactions Made Under the Company's Share Buyback Program

Oslo, 18 October 2024 - Panoro Energy ASA ("Panoro" or the "Company") (OSE: PEN)

initiated a share buyback program on May 23, 2024 to repurchase up to NOK 100

million in value of the Company's common shares in open market transactions on

the OSE pursuant to an agreement with Arctic Securities AS.

For the period from and including 14 October through 18 October 2024, Panoro

purchased a total of 15,000 shares at an average price of NOK 27.9342 per share.

The transactions effected through the agreement with Arctic comprise all the

transactions effected by or on behalf of the Company during the period.

Transaction overview

+-------------+-------+---------+-----------------+-----------------------+

+-------------+-------+---------+-----------------+-----------------------+

|18 Oct 24 |OSE |15,000 |27.9342 |419,013 |

+-------------+-------+---------+-----------------+-----------------------+

|Period total |OSE |15,000 |27.9342 |419,013 |

+-------------+-------+---------+-----------------+-----------------------+

|Previously |OSE |1,226,500|32.0800 |39,346,146 |

+-------------+-------+---------+-----------------+-----------------------+

|Program total|OSE |1,241,500|32.0299 |39,765,159 |

+-------------+-------+---------+-----------------+-----------------------+

The issuer's holding of own shares: 1,241,500

Following the completion of the above transactions, Panoro owned a total of

1,241,500 of its own shares, corresponding to 1.06% of Panoro's share capital.

Appendix:

An overview of all transactions made under the Company's repurchase program

and its agreement with Arctic Securities that have been carried out during the

above-mentioned time period is attached to this report and available at

www.newsweb.no.

Contact information

For further information, please contact: [email protected]

About Panoro

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

onshore Technical Co-operation Permit 218 in South Africa.

Visit us at www.panoroenergy.com.

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