Panoro Energy ASA

Mandatory Notification of Trades - Chairman and CEO Buy Shares in Panoro Energy ASA

Oslo, 23 August 2024 - Julien Balkany, Chairman of the Board of Panoro Energy

ASA (the "Company") has acquired 27,030 shares in the Company on open market at

a price per share of NOK 29.26. Following this transaction, Mr. Balkany directly

and indirectly controls 3,712,211 shares in the Company. In addition to this,

Mr. Balkany holds 48,000 options in the Company

John Hamilton, Chief Executive Officer of the Company has acquired 8,000 shares

in the Company on open market at a price per share of NOK 29.4367. Following

this transaction, Mr. Hamilton directly and indirectly controls 786,836 shares

in the Company. In addition to this, Mr. Hamilton holds 363,818 unvested

Restricted Share Units in the Company.

Further detail of the transactions is set forth in the attached notifications.

This information is subject to the disclosure requirements pursuant to section 5

-12 and section 4-2 of the Norwegian Securities Trading Act.

Enquiries

Qazi Qadeer, Chief Financial Officer

Tel: +44 203 405 1060

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

onshore Technical Co-operation Permit 218 in South Africa.

Visit us at www.panoroenergy.com.

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