Panoro Energy ASA

Notice of Extraordinary General Meeting

On September 14, 2014, Panoro Energy ASA received a written demand from

shareholders representing at least 5% of the share capital to hold an

Extraordinary General Meeting (EGM). The items demanded on the agenda

are the election of the members of the Board and the election of the

Chairman of the Board.

In response to this, Panoro Energy ASA is pleased to invite the

shareholders of the Company to attend an Extraordinary General Meeting

(EGM) scheduled to be held on October 14, 2014 at 10:00 Oslo time at

Hotel Continental, Stortingsgt 24/26, Oslo, Norway.

Agenda:

1. Opening of the meeting by the Chairman of the Board Endre O. Sund,

including the taking of attendance of shareholders present

2. Election of Chairman of the meeting and a person to co-sign the

minutes

3. Approval of notice and the agenda

4. Election of Board members

5. Election of Chairman of the Board

6. Resolution on prior agreement regarding exemption from liability and

indemnity, cf. the NPLCA Section 17-3

7. Resolutions on discharge of liability and indemnity, cf. The NPLCA

Section 17-5.

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

For further information please contact:

Qazi Qadeer, Interim CFO

Tel: +44 203 405 1084

Jan Kielland, CEO

Cell: +47 41 569 974

For more information on Panoro Energy ASA, please visit our website at

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