Mandatory Notification of Trades – Technical Director Buys Shares in Panoro Energy ASA

Oslo, 15 January 2024 – Richard Morton, Technical Director of Panoro Energy ASA (the "Company") on 12 January 2024 has acquired 20,000 shares in the Company on open market at a price per share of NOK 26.6654. Following this transaction, Mr. Morton directly and indirectly controls 352,716 shares in the Company. In addition to this, Mr. Morton holds 154,386 unvested Restricted Share Units 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 Energy

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 and Block EG-01 offshore Equatorial Guinea, the Dussafu Marin License offshore southern Gabon, the TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia, and an interest in onshore Technical Co-operation Permit 218 in South Africa.

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