Panoro Energy ASA

Director's Dealing • Jan 28, 2020

Mandatory Notification of Trades

Mandatory Notification of Trades

Management buys shares in Panoro Energy ASA

Oslo, 28 January 2020 - Panoro Energy ASA (the "Company" or "Panoro" with OSE

Ticker: PEN) announces that the following primary insiders have today purchased

shares in the Company:

John Hamilton, Chief Executive Officer: 5,000 shares at NOK 18.5933 each. After

the transaction, Mr. Hamilton owns 268,962 shares in the Company.

Qazi Qadeer, Chief Financial Officer: 3,000 shares at NOK 18.5933 each. After

the transaction, Mr. Qadeer owns 121,877 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          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 Sfax

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

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