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Panoro Energy provides an update on the ANP approval process for the divestment of the Brazilian subsidiary Rio das Contas (the Manati transaction)

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Panoro Energy informs that the assignment process of Rio das Contas was not considered at the ANP Board of Directors meeting on December 26. The Company will revert with further information in due course.

For further information, please contact:

Anders Kapstad, Country Manager Brazil and Group Chief Financial Officer
Cell: +55 21 984932356  / +47 91 81 74 42
Email: anders.kapstad@panoroenergy.com

Carl Peter Berg, VP Commercial and Investor Relations
Cell: +55 21 98541 1907
Email: carl.peter.berg@panoroenergy.com

Please visit www.panoroenergy.com for more information. Panoro Energy ASA is listed on the Oslo Stock Exchange (Ticker code: “PEN”).

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