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Panoro Energy ASA

Share Issue/Capital Change Aug 29, 2018

3706_rns_2018-08-29_e38aa728-f7fc-4021-922b-38d06a6681f1.html

Share Issue/Capital Change

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PANORO ENERGY - REGISTRATION OF NEW SHARES ISSUED IN CONNECTION WITH THE RESTRICTED SHARE UNITS PLAN

PANORO ENERGY - REGISTRATION OF NEW SHARES ISSUED IN CONNECTION WITH THE RESTRICTED SHARE UNITS PLAN

Oslo, 29 August 2018 - Panoro Energy ASA ("Panoro" or the "Company") is pleased

to announce that the Register of Business Enterprises has registered the

increase of share capital to include the issue of 55,185 new shares in

connection with the Company's Restricted Share Units Plan, announced on 06

August 2018. The Company's new registered share capital is NOK 2,340,380 divided

into 46,807,600 shares, each having face value of NOK 0.05.

Enquiries:

Qazi Qadeer, Chief Financial Officer

Tel: +44 203 405 1060

Email: [email protected]

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

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

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 Sfax

Offshore Exploration Permit and the Ras El Besh Concession offshore Tunisia.

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

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