Panoro Energy ASA

Report Publication Announcement • Apr 30, 2021

Panoro Energy - Annual Report 2020

Oslo, 30 April 2021 - Panoro Energy ASA (the "Company" or "Panoro" with OSE ticker: PEN) publishes its Annual Report and Accounts for the financial year ended 31 December 2020, which is now available on the Company's website (www.panoroenergy.com).

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

Enquiries Qazi Qadeer, Chief Financial Officer Tel: +44 20 3405 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.

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