Recommendation from the Nomination Committee

Panoro Energy ASA ("PEN", OSE ticker code): Please find enclosed the recommendation from PEN's Nomination Committee in connection with the Company's Extraordinary General Meeting September 6, 2013.

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

For further information, please contact:

Carl Peter Berg, VP Commercial and Investor Relations
Cell: +47 92 80 50 29
Email: carl.peter.berg@panoroenergy.com 

Please visit www.panoroenergy.com for more information.