Oslo, 24 February 2026 - The board of directors of Panoro Energy ASA ("Panoro"
or the "Company") today declares a cash distribution of NOK 0.440 per share
(representing a cash distribution to shareholders of NOK 50 million).

Distribution amount: NOK 0.440 per share

Declared currency: NOK

Last day of trading including right: 26 February 2026

Ex-distribution date: 27 February 2026

Record date: 2 March 2026

Payment date: On or about 10 March 2026

Date of approval: 24 March 2026

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: +44203 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 blocks offshore southern
Gabon, the TPS operated assets in Tunisia, and onshore Exploration Right 376 in
South Africa.

Visit us at www.panoroenergy.com.

Follow us on LinkedIn (https://www.linkedin.com/company/panoro-energy)