Panoro Energy - Merger of Additional Bonds into the (ordinary) Bonds

Oslo, 17 June 2026 – Reference is made to the stock exchange announcement by Panoro Energy ASA (the "Company") published on 25 February 2026 regarding a successfully completed tap issue of additional bonds (the "Additional Bonds") under its existing senior secured bond with maturity December 2029 (ISIN NO0013415786) (the "Bond Issue").

The Additional Bonds were issued under a separate ISIN, pending satisfaction of certain pre-disbursement conditions precedent. The Company is pleased to confirm that all pre-disbursement conditions precedent have now been satisfied and closing has been completed.

Accordingly, the temporary ISIN NO0013736264 for the Additional Bonds will be merged into the ISIN for the Bond Issue, being NO0013415786.

The record date is 18 June 2026, and the settlement date is 22 June 2026.

Please find attached the notice from Nordic Trustee.

This information is published in accordance with the requirements of the Continuing Obligations.

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 EG-01 and Block EG-23 offshore Equatorial Guinea, the Dussafu Marin, Niosi Marin and Guduma Marin Licenses offshore southern Gabon, the TPS operated assets in Tunisia and onshore Exploration Right 376 in South Africa.

Visit us at www.panoroenergy.com.

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