Panoro Energy ASA

PANORO ENERGY - MANDATORY NOTIFICATION OF VOTING RIGHTS - 2024 AGM

Oslo, 22 May 2024 - In connection with the annual general meeting scheduled for

23 May 2024 (the "AGM"), chairman of the board of directors Julien Balkany has

received proxies without voting instructions representing 10,664,475 shares and

votes, equal to 9.12% of all issued shares and votes. The proxies are valid only

for the AGM.

In addition, Mr. Balkany controls, directly or indirectly, a total of 3,685,181

shares and votes which, together with received proxies, means that Mr. Balkany

controls 14,349,656 shares and votes, equal to 12.271%, at the AGM.

Consequently, the 10% disclosure threshold has been crossed.

This information is subject to the disclosure requirements pursuant to section 4

-3 of the 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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