Panoro Energy ASA

Panoro Energy - Key Information on Cash Distribution

Oslo, 29 November 2023 - The board of directors of Panoro Energy ASA ("Panoro"

or the "Company") today declares a cash distribution of NOK 0.342 per share

(representing a cash distribution to shareholders of NOK 40 million).

Distribution amount: NOK 0.342 per share

Declared currency: NOK

Last day of trading including right: 6 December 2023

Ex-distribution date: 7 December 2023

Record date: 8 December 2023

Payment date: On or about 15 December 2023

Date of approval: 28 November 2023

Distributions will be paid in NOK

The cash distribution will be paid as a return of paid in capital

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

interests in offshore exploration Block 2B and onshore Technical Co-operation

Permit 218 in South Africa.

Visit us at www.panoroenergy.com.

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