Panoro Energy ASA

Notice of Extraordinary General Meeting

Oslo Børs Announcement

The Board of Directors (the "Board") hereby calls for an Extraordinary General

Meeting (the "EGM") to be held in Panoro Energy ASA (the "Company") on 2 March

2016 at 2pm Norwegian time at Continental Hotel, Stortingsgaten 24 / 26, 0161

Oslo, Norway.

Agenda:

1. Opening by the Chairman of the Board - Registration of attending

shareholders

2. Election of person to chair the meeting

3. Election of one person to co-sign the minutes

4. Approval of the calling notice and the agenda for the meeting

5. Approval of Private Placement

6. Approval of Subsequent Share issue

7. Election of new Board member

8. Closing

Please find enclosed notice of the EGM, enclosures and registration/proxy form.

For further information, please contact:

John Hamilton, Chief Executive Officer

Qazi Qadeer, Chief Financial Officer

Tel: +44 203 405 1080

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

exploration and development assets in West Africa, namely the Dussafu License

offshore southern Gabon, and OML 113 offshore western Nigeria. Both assets have

discoveries with approved Field Development Plans. In addition to discovered

hydrocarbon resources and reserves, both assets also hold significant

exploration potential.

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

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