Panoro Energy ASA

Interest Rate Update/Notice • Oct 2, 2019

Interest Adjustment

To: Nordic ABM Reference: ABM Date: 2019-10-02 15.00.13

Det er fastsatt ny rente for følgende lån:

ISIN	Lånenavn	Ny rentesats	Renteperiode (fra og med – til)	Dager	Ticker
NO0010820103	FRN Pandion Energy AS Bond Issue 2018/2023	9,04%	04.10.2019 - 06.01.2020	94	PANE01 PRO

Den nye rentesats (og rentebindingsperiode) er fastsatt i henhold til avtale, jf. låneavtalens og tegningsinnbydelsens/lånebeskrivelsens bestemmelser.

Interest Adjustment

New interest has been set for:

ISIN	Official Name	New Coupon	Period (from and including – to)	Days	Ticker

The new interest rate and period have been set in accordance with the bond agreement; see the loan agreement and loan prospectus/description for regulations.

Med vennlig hilsen / Best regards

For Nordic Trustee (NO)

Erik Marin-Andresen