Minutes from the Extraordinary General Meeting

Panoro Energy ASA informs that the Extraordinary General Meeting ("EGM") in the Company was held today September 6, 2013. All items on the agenda for the EGM were adopted as proposed by the Board of Directors and the Nomination Committee.

According to the EGM's resolution, the Board of Directors will have the following composition:

Endre O Sund (Chairman)

Silje Augustson (director)

Dr George Edward Watkins (director)

Tone Kristin Omsted (director)

Bjørn Kristian Stadheim (new director)

Please find attached the minutes from the EGM.

For further information, please contact:

Carl Peter Berg, VP Commercial and Investor Relations

Cel: +4792805029

E-mail: 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”).