Panoro Energy ASA

Interest Rate Update/Notice • Jan 2, 2019

Interest Adjustment

To: Nordic ABM Reference: ABM Date: 2019-01-02 13.47.13

Det er fastsatt ny rente for følgende lån:

ISIN	Lånenavn	Ny rentesats	Renteperiode (fra og med – til)	Dager	Ticker
NO0010820103	FRN Pandion Energy AS Bond Issue 2018/2023	8,50%	04.01.2019 - 04.04.2019	90	PANE01 PRO

Den nye rentesats (og rentebindingsperiode) er fastsatt i henhold til avtale, jf. låneavtalens og tegningsinnbydelsens/lånebeskrivelsens bestemmelser.

Interest Adjustment

New interest has been set for:

ISIN	Official Name	New Coupon	Period (from and including – to)	Days	Ticker
NO0010820103	FRN Pandion Energy AS Bond Issue 2018/2023	8,50%	04.01.2019 - 04.04.2019	90	PANE01 PRO

The new interest rate and period have been set in accordance with the bond agreement; see the loan agreement and loan prospectus/description for regulations.

Med vennlig hilsen / Best regards

For Nordic Trustee (NO)

Maren Kathrine Bekkeseth Dahl