Panoro Energy ASA

Capital/Financing Update • May 18, 2022

Pandion Energy AS to hold fixed income investor meetings

Pandion Energy AS to hold fixed income investor meetings

Pandion Energy AS (“Pandion”) has engaged ABG Sundal Collier, DNB Markets and Pareto Securities as Joint Lead Managers to arrange fixed income investor meetings. Subject to market conditions and acceptable terms, a new USD senior unsecured bond issue with four year tenor may follow.

The purpose of the new bond issue is refinancing of the existing NOK 400 million senior unsecured bonds with maturity in April 2023 (ISIN NO 001 0820103) (“PANE01 PRO”) as well as general corporate purposes. Subject to successful placement of the new bond issue, Pandion will issue a call notice for full redemption of PANE01 PRO.

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For further information, please contact:

CEO, Jan Christian Ellefsen, telephone: +47 917 44 899

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About Pandion Energy:

Pandion Energy is an independent, full cycle oil and gas company, participating in the discovery, appraisal, development and production of oil and gas resources on the Norwegian continental shelf.

www.pandionenergy.no