Mandatory Notification of Trades – Chairman Buys Shares in Panoro Energy ASA

Oslo, 3 December 2024 – Julien Balkany, Chairman of the Board of Panoro Energy ASA (the "Company") on 2 December 2024 acquired 50,000 shares in the Company on open market at a price per share of NOK 26.7945.  Following this transaction, Mr. Balkany directly and indirectly controls 3,762,211 shares in the Company. In addition to this, Mr. Balkany holds 48,000 options in the Company.

Further detail of the transaction is set forth in the attached notification.

This information is subject to the disclosure requirements pursuant to section 5 -12 and section 4-2 of the Norwegian Securities Trading Act.

Enquiries

Qazi Qadeer, Chief Financial Officer
Tel:     +44 203 405 1060
Email: investors@panoroenergy.com

About Panoro

Panoro Energy ASA is an independent exploration and production company based in London and listed on the main board of the Oslo Stock Exchange with the ticker PEN. Panoro holds production, exploration and development assets in Africa, namely interests in Block-G, Block S, Block EG-01 and Block EG-23 offshore Equatorial Guinea, the Dussafu Marin, Niosi Marin and Guduma Marin blocks offshore southern Gabon, the TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia, and onshore Exploration Right 376 in South Africa.

Visit us at www.panoroenergy.com.

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