PetroNor E&P ASA

AGM Information • May 25, 2023

PetroNor E&P ASA: Minutes from the Annual General Meeting held on 25 May 2023

PetroNor E&P ASA: Minutes from the Annual General Meeting held on 25 May 2023

Oslo, 25 May 2023: The annual general meeting (“AGM”) of PetroNor E&P ASA (OSE ticker: PNOR, the “Company”) was held today, 25 May 2023. All resolutions proposed to the AGM were adopted.

Further, the general meeting resolved to increase the share capital by NOK 0.007 through the issuance of 7 new shares and to consolidate the shares in the ratio of 10:1 (reverse split), whereby 10 existing shares, each with a nominal value of NOK 0.001, shall be consolidated to one share with a nominal value of NOK 0.01.

The minutes of the AGM are attached to this announcement and can also be found on the Company’s website www.petronorep.com.

For further information, please contact:

Investor Relations

Email: ir@petronorep.com

www.petronorep.com

About PetroNor E&P ASA

PetroNor E&P ASA is an Africa-focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA holds exploration and production assets offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML-113 in Nigeria.

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