Panoro Energy ASA

Notice of Dividend Amount • May 24, 2023

Panoro Energy – Key Information on Cash Dividend

Oslo, 24 May 2023 – The board of directors of Panoro Energy ASA ("Panoro" or the "Company") today declares a cash dividend of NOK 0.2658 per share (representing a cash payment to shareholders of NOK 31 million).

Dividend amount: NOK 0.2658 per share

Declared currency: NOK

Last day of trading including right: 1 June 2023

Ex-dividend date: 2 June 2023

Record date: 5 June 2023

Payment date: On or about 12 June 2023

Date of approval: 24 May 2023

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 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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