PetroNor E&P ASA

Related Party Transaction • Jul 16, 2021

Transaction by Related Party of Primary Insider

Transaction by Related Party of Primary Insider

16 July 2021

PetroNor E&P Limited

(“PetroNor” or the “Company”)

Transaction by Related Party of Primary Insider

Please see the attached form regarding pledging of shares in PetroNor E&P Limited conducted by NOR Energy AS as security for a loan facility from DNB Bank.

This transaction has no effect on the voting rights on the shares owned by NOR Energy AS.

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For further information, please contact:

Knut Søvold, Chief Executive Officer

Chris Butler, Group Financial Controller

info@petronorep.com

Media Contacts:

Buchanan

Ben Romney

Tel: +44 207 466 5000

About PetroNor E&P

PetroNor E&P Limited is a sub-Saharan focused independent oil and gas exploration and production company listed on Oslo Euronext Expand with the ticker PNOR. PetroNor 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).