PetroNor E&P ASA

Declaration of Voting Results & Voting Rights Announcements • May 4, 2021

PetroNor E&P Limited ("PetroNor" or the "Company")

Results Of General Meeting – Held On Tuesday 4 May 2021

PetroNor (OSE ticker: "PNOR"), the independent oil and gas exploration and production company with a focus on sub-Saharan Africa, today advises that all the resolutions as set out in the Notice of Meeting were duly passed by the Shareholders.

The approval of Resolution 1 has now satisfied a condition precedent for the issue of Tranche 2a and 2b of the Offer Shares detailed in the NOK 340 million Private Placement announced on 12 March 2021. Shareholder approval was specifically required pursuant to Chapter 2E of the Corporations Act, due to the involvement of a related party in the proposed Symero transaction.

Furthermore, the Company is still contemplating to carry out a subsequent offering of new shares without tradable subscription rights of up to 60,000,000 new sharesin the Company (equivalent to NOK 66 million) towards existing shareholders of the Company as of close of trading on Oslo Euronext Expand on 11 March 2021, shareholders of record on 15 March 2021.

A combined prospectus for listing of the Symero consideration shares, Tranche 2b of the Offer Shares and for the offering of shares in the contemplated Subsequent Offering is expected to be published during May 2021.

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RESULTS OF GENERAL MEETING

RESOLUTION 1 – APPROVAL OF PROPOSED TRANSACTION AND ISSUE OF SYMERO CONSIDERATION SHARES

The following ordinary resolution was carried on a poll.

The Company's Company Secretary, Ms Angeline Hicks, was appointed as scrutineer for vote taking on Resolution 1 at the General Meeting.

The poll results in respect of the resolution were as follows;

Instructions given on validly appointed proxies					Number of votes cast on the poll
For	Against	Abstain*	Proxy's		For	Against	Abstain*
			Discretion
410,680,375	313	278,556,335	Nil		410,680,375	313	278,556,335

*Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.

RESOLUTION 2 – ELECTION OF MS GRO KIELLAND

The following ordinary resolution was carried on a poll.

The Company's Company Secretary, Ms Angeline Hicks, was appointed as scrutineer for vote taking on Resolution 2 at the General Meeting.

The poll results in respect of the resolution were as follows;

Instructions given on validly appointed proxies					Number of votes cast on the poll
For	Against	Abstain*	Proxy's Discretion		For	Against	Abstain*
689,176,910	635	59,478	Nil		689,176,910	635	59,478

*Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.

As set out on the notice of meeting, the Chair has voted in favour of all the resolutions where there were undirected proxies (proxy's discretion).

This announcement is made In accordance with section 251AA of the Corporations Act.

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For further information, please contact: Knut Søvold, Chief Executive Officer Chris Butler, Group Financial Controller info@petronorep.com

Angeline Hicks, Company Secretary Tel: +61 401 489 883

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 2A) and Esperança (Blocks 4A and 5A) licensesin Guinea-Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML-113 in Nigeria (subject to completion).