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Panoro Energy ASA Director's Dealing 2016

Jul 22, 2016

3706_iss_2016-07-22_699c0bc8-37e9-4dbd-9411-9d48790a2e60.pdf

Director's Dealing

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MANDATORY NOTIFICATION OF TRADES

CEO buys shares in Panoro Energy

Panoro Energy ASA (OSE ticker code "PEN") announces that on July 22, 2016, Mr. John Hamilton, CEO of Panoro, has bought 5,000 shares at an average price of NOK 3.69 per share. Following this purchase Mr. Hamilton controls 53,801 shares in Panoro Energy ASA. At the time of purchase, Mr. Hamilton had been granted 100,000 Restricted Share Units.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For more information, please contact:

Qazi Qadeer

Chief Financial Officer

Tel.: +44 203 405 1084

Email: [email protected]

About Panoro EnergyPanoro 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 exploration and development assets in West Africa, namely the Dussafu License offshore southern Gabon, and OML 113 offshore western Nigeria. Both assets have discoveries with approved Field Development Plans. In addition to discovered hydrocarbon resources and reserves, both assets also hold significant exploration potential. For more information visit the Company's website at www.panoroenergy.com.