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In connection with the Extraordinary General Meeting of Panoro Energy

ASA ("PEN" ticker code OSE) to be held on October 14, 2014, Lars

Brandeggen has as of October 1 received proxy to vote for

17,746,311 shares, representing 7.57% of the outstanding shares and

voting rights in the Company.

For further information please contact:

Jan Kielland, CEO

Cell: +47 4156 9974

Email: jan.kielland@panoroenergy.com

Please visit www.panoroenergy.com for more information