Panoro Energy ASA - Announces Transactions Made Under the Company's Share Buyback Program

31 May 2024 17:00 CEST

Oslo, 31 May 2024 - Panoro Energy ASA ("Panoro" or the "Company") (OSE: PEN)
initiated a share buyback program May 23, 2024 to repurchase up to 100 million
of the Company's common shares in open market transactions on the OSE pursuant
to an agreement with Arctic Securities AS.

For the period from and including 27 May through 31 May 2024, Panoro purchased a
total of 200,000 shares at an average price of NOK 35.8829 per share. The
transactions effected through the agreement with Arctic comprise all the
transactions effected by or on behalf of the Company during the period.

Transaction overview
Date Trading Volume Weighted average Total daily
Venue share price (NOK) transaction value
(NOK)
27 May 2024 OSE 40,000 35.4115 1,416,460
28 May 2024 OSE 40,000 35.9909 1,439,636
29 May 2024 OSE 40,000 35.9538 1,438,152
30 May 2024 OSE 40,000 36.0694 1,442,596
31 May 2024 OSE 40,000 35.9934 1,439,736
Period total OSE 200,000 35.8824 7,176,580
Previously OSE - - -
disclosed buy
-buys
under the
programme
(accumulated)
Program total OSE 200,000 35.8824 7,176,580

The issuer's holding of own shares: 200,000

Following the completion of the above transactions, Panoro owned a total of
200,000 of its own shares, corresponding to 0.17% of Panoro's share capital.

Appendix:

An overview of all transactions made under the Company's repurchase program
and its agreement with Arctic Securities that have been carried out during the
above-mentioned time period is attached to this report and available at
www.newsweb.no.

Contact information

For further information, please contact: investors@panoroenergy.com

About Panoro

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 and Block EG-01 offshore
Equatorial Guinea, the Dussafu Marin License offshore southern Gabon, the TPS
operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession,
offshore Tunisia, and onshore Technical Co-operation Permit 218 in South
Africa.

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

More information:
Access the news on Oslo Bors NewsWeb site

620418_PEN_Announces_Transactions_Made_Under_the_Company_s_Share_Buyback_Program_1_.pdf
620418_PEN_Appendix_Buyback_transactions_list_27_31_May_2024.pdf