Panoro Energy ASA

Share Issue/Capital Change • Jul 7, 2022

Panoro Energy - New Share Capital Registered

Oslo, 7 July 2022 - Reference is made to stock exchange release dated 14 June 2022 concerning exercise f RSUs under Panoro Energy ASA's incentive program. The new shares issued following the exercise have now been registered with the Norwegian Register of Business Enterprises. Following such registration, Panoro Energy ASA's new share capital is NOK 5,684,468.60, divided into 113,689,372 shares, each having a face value of NOK 0.05.

Enquiries

For further information, please contact: Qazi Qadeer, Chief Financial Officer

Tel: +44 (0) 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 a producing interest in Block G, offshore Equatorial Guinea, the Dussafu License offshore southern Gabon, OML 113 offshore western Nigeria (held-for-sale, subject to completion), the TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia and participation interest in an exploration Block 2B, offshore South Africa.

Visit us at www.panoroenergy.com Follow us on Linkedin

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.