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Panoro Energy ASA

Board/Management Information May 29, 2020

3706_dirs_2020-05-29_82d15185-7b4f-49b5-8c06-9b550bdd6581.html

Board/Management Information

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Director buys shares in Panoro Energy ASA

Director buys shares in Panoro Energy ASA

Mandatory notification of trade primary insiders

Oslo, 29 May 2020 - Panoro Energy ASA (the "Company" or "Panoro" with OSE

Ticker: PEN) announces that Hilde Ådland, Non-Executive Director of the Company,

has today purchased 10,000 shares at NOK 9.0027 each. After the transaction, Ms.

Ådland owns 19,097 shares in the Company.

This information is subject to the disclosure requirements pursuant to section 5

-12 and section 4-2 of the Norwegian Securities Trading Act.

Enquiries

Panoro Energy ASA                                     +44 203 405 1060

Qazi Qadeer, Chief Financial Officer          [email protected]

About Panoro Energy

Panoro Energy ASA is an independent E&P company based in London and listed on

the Oslo Stock Exchange with ticker PEN. The Company holds high quality

production, exploration and development assets in Africa, namely the Dussafu

License offshore southern Gabon, OML 113 offshore western Nigeria and Sfax

Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia. For

more information, please visit the Company's website at www.panoroenergy.com.

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