PetroNor E&P ASA: Notice of Annual General Meeting 25 May 2023

Oslo, 4 May 2023: The annual general meeting of PetroNor E&P ASA (OSE ticker:
PNOR, "PetroNor") will be held Tuesday 25 May 2023 at 10:00 CEST. The meeting
will be held virtually through the facilities of Lumi.

The notice of the annual general meeting is attached to this announcement. The
notice and enclosures may also be found at: www.petronorep.com.

It follows from the notice that the board proposes to carry out a reverse stock
split in the ratio 10:1 whereby ten existing shares, each with a nominal value
of NOK 0.001, will give one share with a nominal value of NOK 0.01. The purpose
is to comply with Oslo Børs' continuing obligations for listed companies in
relation to minimum share price.  

Shareholders participating must go to the following website:
https://web.lumiagm.com and enter the Meeting ID 140-456-820. Shareholders that
wish to participate in the general meeting must register their participation by
4 PM (CEST) on 23 May 2023. Information about registration and participation is
further described in the notice.

For further information, please contact:
Investor Relations 
Email: ir@petronorep.com
www.petronorep.com 

About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-focused independent oil and gas exploration and
production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA
holds exploration and production assets offshore West Africa, specifically the
PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa
(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the
Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in
arbitration) and OML-113 in Nigeria.

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