Panoro Energy ASA

Report Publication Announcement • Apr 27, 2023

Panoro Energy – Publication of 2022 Sustainability Report

Oslo, 27 April 2023 – Panoro Energy ASA ("Panoro" or the "Company" with OSE ticker: PEN) has today published its inaugural Sustainability Report for the year 2022. The report outlines Panoro's sustainability strategy, performance and progress towards achieving its goals.

John Hamilton, CEO of Panoro, commented:

"In 2022 we formalised our approach to managing sustainability matters to align with good industry practice and meet the expectations of our stakeholders. As part of this the Board constituted a new Sustainability Committee which oversees Panoro's conduct, performance and sustainability reporting. It also serves to integrate the broad spectrum of sustainability considerations into our growth strategy and key business decisions. A key output of this process is our inaugural Sustainability Report which we have published in parallel with our 2022 Annual Report and Accounts. The report provides a baseline of data against which we will measure our performance each year as we continue to prioritise meeting our sustainability commitments."

The report is attached as a PDF file which is also available on the Company's website www.panoroenergy.com.

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 License offshore southern Gabon, the TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia, and interests in an exploration Block 2B, and Technical Co-operation Permit 218 in South Africa.

Visit us at www.panoroenergy.com.

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