Minutes from Extraordinary General Meeting

Panoro Energy ASA ("PEN" ticker code OSE) informs that an Extraordinary General Meeting (EGM) in the Company was held today. All of the Board of Directors’ proposals were resolved as stipulated in the notice. With respect to agenda item no. 5, the resolution was passed with an amendment which implies that the subscription period of the subsequent offer directed to shareholders and warrant holders who were not allocated shares in the private placement commences as soon as the prospectus is approved by the Norwegian Financial Supervisory Authority and published in accordance with the Norwegian Securities Trading Act.

Please find attached the minutes from the EGM in PEN.

For further information please contact:
Jonas Gamre, Finance & Investor Relations Manager
Tel: +47 23 01 10 02
Cell: +47 971 18 292
Email: jonas.gamre@panoroenergy.com