Panoro Energy ASA — Proxy Solicitation & Information Statement 2010

Jun 16, 2010

Panoro Energy
KAUOLO FUELŐA

Notice of extraordinary general meeting

Panoro Energy ASA (PEN ticker code OSE) is pleased to invite the shareholders in the Company to attend an Extraordinary General Meeting (EGM) scheduled to be held on July 7, 2010 at 15:00 Oslo time at Hotel Continental, Stortingsgaten 24/26 in Oslo.

On the agenda for the EGM is:

1. Opening of the general meeting by board member Katherine Støvring who is nominated by the board to open the meeting
2. Presentation of list of attending shareholders and proxies
3. Election of chairperson and person to co-sign the minutes
4. Approval of notice and agenda
5. Election of new auditor
6. Election of three new members to the board of directors
7. Proposal for changes of the articles of association in connection with merger with Pan-Petroleum Holdings AS (introduction of voting restrictions)

Please find enclosed notice of EGM, appendices and registration/proxy form.

For further information please contact:

Anders Kapstad
Tel: +47 918 17 442
Email: anders.kapstad@panoroenergy.com

Jonas Gamre, Investor Relations
Cell: +47 971 18 292
Email: jonas.gamre@panoroenergy.com

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