Panoro Energy ASA

AGM Information • Apr 22, 2014

Notice of Annual General Meeting

Notice of Annual General Meeting

Panoro Energy ASA ("PEN" ticker code OSE) is pleased to invite the

shareholders in the Company to attend the Annual General Meeting (AGM)

scheduled to be held May 15, 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 Ording

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 agenda

4. Approval of the annual accounts and the annual report for the

financial year 2013

5. Approval of remuneration to the Board of Directors

6. Approval of remuneration to members of the Audit Committee and the

Compensation Committee for the period 2013/2014 and 2014/2015

7. Election of Board members

8. Approval of remuneration to the members of the nomination committee

9. Election of members to the Nomination Committee

10. Remuneration to the auditor

11. Approval of the statement by the Board regarding remuneration

principles to the Management

12. Proposal to renew the authorization to the Board of Directors to

conduct capital increases by way of share issue under the Company's

incentive program

13. Proposal to authorize the Board of Directors to acquire the

Company's own shares

Please find enclosed notice of AGM, appendices and registration/proxy

form.

For further information, please contact:

Carl Peter Berg, VP Commercial and Investor Relations

Tel: +55 21 3078 7472

Cell: +55 21 98541 1907

Email: carl.peter.berg@panoroenergy.com

Please visit www.panoroenergy.com for more information.