Panoro Energy ASA

Director's Dealing • Jun 4, 2020

Director buys shares in Panoro Energy ASA

Director buys shares in Panoro Energy ASA

Mandatory notification of trades primary insiders

Oslo, 4 June 2020 - Panoro Energy ASA (the "Company" or "Panoro" with OSE

Ticker: PEN) announces that Alexandra Herger, Non-Executive Director of the

Company, has today purchased 15,000 shares at NOK 10.16 each. After the

transaction, Ms. Herger owns 20,950 shares in the Company.

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

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

Enquiries

Panoro Energy ASA                                     +44 203 405 1060

Qazi Qadeer, Chief Financial Officer          investors@panoroenergy.com

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 Sfax

Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia. For

more information, please visit the Company's website at www.panoroenergy.com.