Panoro Energy ASA

Panoro Energy ASA - Announces Transactions Made Under the Company's Share Buyback Program

Oslo, 25 July 2025 - Panoro Energy ASA ("Panoro" or the "Company") (OSE: PEN)

initiated a share buyback program on June 02, 2025, to repurchase up to NOK 100

million in value of the Company's common shares in open market transactions on

the OSE.

For the period from and including 18 July - 25 July 2025, Panoro purchased a

total of 94,250 shares at an average price of NOK 23.7883 per share.

Transaction overview

Date Trading Volume Weighted average Total daily cumulative

Venue share price (NOK) transaction value (NOK)

18-25 July 2025 OSE 94,250 23.7883 2,242,048

Period total 94,250 23.7883 2,242,048

Previously 500,000 24.1386 12,069,276

disclosed buy

-backs

under the

program

(accumulated)

Share Buy-back 594,250 24.0830 14,311,324

Total *

* The commission cost to date for the share buy-back program amounts to NOK

28,623.

Program total cost: NOK 14,339,947

The issuer's holding of own shares: 284,380

Following the completion of the above transactions, Panoro owned a total of

284,380 of its own shares, corresponding to 0.2507% of Panoro's share

capital.Appendix:An overview of all transactions made under the Company's

repurchase program that have been carried out during the above-mentioned time

period is attached to this report and available at www.newsweb.no.

Contact information

For further information, please contact: [email protected]

About Panoro

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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