Panoro Energy ASA

Panoro Energy announces results of 2020 Annual General Meeting

Oslo, 18 June 2020 - Panoro Energy ASA (the "Company" or "Panoro" with OSE

ticker: PEN), an independent oil and gas company, held its 2020 Annual General

Meeting of Shareholders in Oslo today, and the nominees listed in the notice of

the General Meeting were elected as directors of the Company. Detailed results

of the vote for the election of directors are set out below:

Nominee Votes For % For Votes Against / Withheld % Against / Withheld

Julien 15,837,013 99.97% 5,052 0.03%

Balkany

Torstein 15,836,103 99.96% 5,962 0.04%

Sanness

Alexandra 15,782,498 99.62% 59,567 0.38%

Herger

Garrett 15,781,588 99.62% 60,477 0.38%

Soden

Hilde 15,784,500 99.64% 57,565 0.36%

Ådland

Mr. Julien Balkany and Mr. Torstein Sanness were re-appointed as Chairman and

Deputy Chairman of the Board of Directors, respectively.

A large majority of shareholders of the Company have voted in favour of all the

other items on the agenda as proposed by the Board of Directors. A copy of the

minutes of the Annual General Meeting is available to download from our website

at www.panoroenergy.com and as an enclosure to this press release.

Panoro Energy ASA, Oslo

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 high quality

production, exploration and development assets in Africa, namely the Dussafu

License offshore southern Gabon, OML 113 offshore western Nigeria, and the TPS

operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession,

offshore Tunisia. For more information, please visit the Company's website at

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