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Panoro Energy ASA

Major Shareholding Notification Feb 5, 2015

3706_mrq_2015-02-05_1522c89c-d283-4460-8578-19c9ce8eaea8.html

Major Shareholding Notification

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Disclosure of shareholding

Disclosure of shareholding

Afrique Energie Corp. ("AEC") has today sold 1,274,946

shares in Panoro Energy ASA ("PEN"). AEC now owns 9.52% of

the total share capital in PEN.

The percentage has been calculated based on 234,545,786

issued shares in PEN.

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