VOTING PROXIES IN CONNECTION WITH EGM
Reference is made to the extraordinary general meeting of Panoro Energy ASA called to be held on 3 March 2021 (the "EGM"). In connection with the EGM, chairman of the board Mr. Julien Balkany has received voting proxies without any voting instructions for 3,857,071 shares which represents 5.08% of the total votes and share capital. Mr. Balkany thus controls, either through such voting proxies or through shares held by him or entities controlled by him a total of 7,345,895 shares, which represents 9.68% of the total votes and share capital in connection with the EGM. Panoro Energy