Recommendations from Nomination Committee

Panoro Energy ASA ("PEN", OSE ticker code): Please find enclosed the recommendations from PEN's Nomination Committee in connection with the Company's Annual General Meeting on June 20, 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
Tel: +55 21 3078 7472
Cell: +55 21 8541 1907
Email: carl.peter.berg@panoroenergy.com

Please visit www.panoroenergy.com for more information.