PetroNor E&P ASA

Legal Proceedings Report • Dec 9, 2021

PetroNor E&P Limited: Adjournment of Second Court Hearing

PetroNor E&P Limited: Adjournment of Second Court Hearing

PetroNor E&P Limited: Adjournment of Second Court Hearing

Oslo, 9 December 2021: Reference is made to previous announcements on the ongoing redomicile of PetroNor E&P Limited (OSE ticker: “PNOR”) (the "Company") to Norway.

Due to the timing of processes outside the Company’s control, the completion of the redomicile process has been postponed until after New Year to minimise the risk of extending the previously indicated trading halt period.

The Supreme Court of Western Australia (“Court”) has today made orders to adjourn the second Court hearing for the proposed scheme of arrangement (“Scheme”) between the Company and its members to 9:30 AM (AWST) on Thursday, 16 December 2021.

The Company will continue to trade on Euronext Expand until further notice.

For further information, please contact:

Investor Relations

Elise Heidenreich

Tel: +4795141147

Email: ir@petronorep.com

www.petronorep.com

About PetroNor E&P

PetroNor E&P Limited is an Africa-focused independent oil and gas exploration and production company listed on Oslo Euronext Expand with the ticker PNOR. PetroNor E&P Limited holds exploration and production assets offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML-113 in Nigeria (subject to completion).