Panoro Energy ASA

Mandatory Notification of Trades - Director Buys Shares in Panoro Energy ASA

Oslo, 30 April 2025 - Gunvor Ellingsen, Member of the Board of Directors of

Panoro Energy ASA (the "Company") on 29 April 2025 has acquired 25,000 shares in

the Company on open market at a price per share of NOK 23.15. Following this

transaction, Ms. Ellingsen directly and indirectly controls 25,000 shares in the

Company. In addition to this, Ms. Ellingsen holds 24,000 options in the Company.

Further detail of the transaction is set forth in the attached notification.

This information is subject to the disclosure requirements pursuant to section 5

-12 and section 4-2 of the Norwegian Securities Trading Act.

Enquiries

Qazi Qadeer, Chief Financial Officer

Tel: +44 203 405 1060

About Panoro Energy

Panoro Energy ASA is an independent exploration and production company based in

London and listed on the main board of the Oslo Stock Exchange with the ticker

PEN. Panoro holds production, exploration and development assets in Africa,

namely interests in Block-G, Block S, Block EG-01 and Block EG-23 offshore

Equatorial Guinea, the Dussafu Marin, Niosi Marin and Guduma Marin Licenses

offshore southern Gabon, the TPS operated assets in Tunisia and onshore

Exploration Right 376 in South Africa.

Visit us at www.panoroenergy.com

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