Panoro Energy ASA

Pre-Annual General Meeting Information • May 25, 2020

Panoro Energy: Notice of Annual General Meeting 2020

Oslo, 25 May 2020 – Panoro Energy ASA, Panoro Energy ("Panoro" or the "Company" with OSE Ticker: PEN) today announced that the Annual General Meeting ("AGM") scheduled for 18 June 2020 will be held at 12:00 noon at the Company's offices located at Schjødt lawfirm, Ruseløkkveien 14, Oslo, Norway.

The formal notice of the AGM is attached to this release and can also be downloaded from our website at www.panoroenergy.com.

Due to the extraordinary situation with Covid-19, shareholders are strongly encouraged not to attend the AGM in person, but rather provide electronic votes or voting proxies.

As usual for the Company's general meetings, shareholders may provide votes prior to the AGM via the electronic VPS system or by submission of a proxy.

The electronic system for registration of advance votes can be accessed at the following . Proxy forms are attached to the calling notice.

The Company has arranged for shareholders to be able to call in to the AGM and as such participate in the meeting and have the possibility to raise questions to the Company's representatives. Please register your participation for this event using the details below. Joining instructions will be emailed to the participants once registration information is submitted. The audio Q&A feature will only be available for attendees who register and join the event online. Please note that it is not possible to cast votes via telephone participation.

Date and Time:	18 June 2020, 12:00 noon CET
Registration:
	https://attendee.gotowebinar.com/register/5014859747045575182
	After registering, participants will receive a confirmation email containing information about joining the event.
	Participants can use their telephone or computer microphone and speakers (VoIP).

Please join the event at least five minutes before the scheduled start time.

The registration will also be available on our website at www.panoroenergy.com.

Enquiries

For further information, please contact: Investors: investors@panoroenergy.com

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 the TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia.

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