Panoro Energy ASA

Director's Dealing • Dec 11, 2023

Mandatory Notification of Trades – CEO Buys Shares in Panoro Energy ASA

Oslo, 11 December 2023 – John Hamilton, Chief Executive Officer of Panoro Energy ASA (the "Company") has today acquired 15,000 shares in the Company on open market at a price per share of NOK 26.50. Following this transaction, Mr. Hamilton directly and indirectly controls 763,836 shares in the Company. In addition to this, Mr. Hamilton holds 338,875 unvested Restricted Share Units in the Company.

Further detail of the transaction is set forth in the attached notification.

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 Email: 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 an interest in onshore Technical Co-operation Permit 218 in South Africa.

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