Panoro Energy ASA

AGM Information • Apr 30, 2018

Notice of Annual General Meeting

Notice of Annual General Meeting

Oslo, 30 April 2018 - Panoro Energy ASA (the "Company" or "Panoro" with OSE

Ticker: PEN) is pleased to invite its shareholders to attend the Annual General

Meeting (the "AGM") scheduled to be held on 24 May 2018 at 12:30 PM CET at Hotel

Continental, Stortingsgata 24/26, 0117 Oslo, Norway.

Agenda:

1. Opening by the Chairman of the Board - Registration of attending

shareholders

2. Election of person to chair the meeting

3. Election of one person to co-sign the minutes

4. Approval of the calling notice and the agenda for the meeting

5. Approval of the annual accounts and the annual report for the financial year

2017

6. Statement on corporate governance

7. Approval of remuneration to the Board

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

Compensation Committee

9. Approval of remuneration to the members of the Nomination Committee

10. Remuneration to the auditor

11. Approval of the statement by the Board regarding remuneration and other

benefits for leading employees

12. Proposal to give authorisation to the Board to conduct capital increases by

way of share issues under the Company's incentive program

13. Proposal to give the authorisation to the Board to conduct capital increases

by way of share issues for other purposes

14. Authorisation to acquire own shares

15. Election of directors to the Board

16. Election of Nomination Committee

17. Renewal of RSU Program

18. Closing

The AGM notice, registration and proxy forms and the respective attachments can

be downloaded from Panoro's website at http://www.panoroenergy.com and are

attached to this notice.

Oslo, Panoro Energy ASA

About Panoro Energy

Panoro Energy ASA is an independent E&P company based in London and listed on

the Oslo Stock Exchange with ticker PEN. The Company holds production,

exploration and development assets in West Africa, namely the Dussafu License

offshore southern Gabon and OML 113 offshore western Nigeria. In addition to

discovered hydrocarbon resources and reserves, both assets also hold significant

exploration potential. For more information, please visit the Company's website

at www.panoroenergy.com.