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Panoro Energy ASA

Major Shareholding Notification May 26, 2014

3706_mrq_2014-05-26_6dbbcf9d-ac1a-4845-81ba-f1babc1105a7.html

Major Shareholding Notification

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Disclosure of Shareholding

Disclosure of Shareholding

Afrique Energie Corp. has today acquired 23,600,000

shares in Panoro Energy ASA ("PEN"), constituting

10.06% of the share capital in PEN. The percentage

has been calculated based on 234,545,786 issued

shares in PEN.

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