PetroNor E&P ASA: Company update regarding recent media article

02 Mar 2023 12:00 CET

Oslo, 2 March 2023: Reference is made to the news article published on
Investigate Europe and in Finansavisen today, 2 March 2023, in which PetroNor
E&P ASA (“the Company”) is mentioned.

Reference is made to stock exchange announcements issued by the Company 15 and
16 December 2021, 11 April 2022 and 22 February 2023. In these announcements,
PetroNor E&P has confirmed that the National Authority for Investigation and
Prosecution of Economic and Environmental Crime in Norway (Økokrim) in December
2021 opened investigations into criminal charges and allegations of corruption
brought against individuals related to the Company. In April 2022, the U.S.
Department of Justice opened a separate investigation into these allegations.

PetroNor E&P takes compliance very seriously and continues to cooperate fully
with authorities in order to facilitate an efficient completion of the
investigations. As previously announced, no criminal charges have been brought
against PetroNor E&P ASA nor any of its Group companies.

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

More information:
Access the news on Oslo Bors NewsWeb site

584101_20230302 Company update regarding recent media article.pdf