Oslo, 25 February 2025 - The board of directors of Panoro Energy ASA ("Panoro" or the "Company") today declares a cash distribution of NOK 0.684 per share (representing a cash distribution to shareholders of NOK 80 million).

Distribution amount: NOK 0.684 per share

Declared currency: NOK

Last day of trading including right: 4 March 2025

Ex-distribution date: 5 March 2025

Record date: 6 March 2025

Payment date: On or about 12 March 2024

Date of approval: 24 February 2025

Distributions will be paid in NOK

The cash distribution will be paid as a return of paid in capital

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 S, 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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