PetroNor E&P ASA: The U.S. Department of Justice closes its investigation

02 Apr 2025 14:45 CEST

Oslo, 2 April 2025: PetroNor E&P ASA ("PetroNor" or the "Company") refers to
previous market updates on the investigations by the National Authority for
Investigation and Prosecution of Economic and Environmental Crime in Norway
("Økokrim") and the U.S. Department of Justice ("DOJ"). The Company has been
notified by the DOJ that based on the information that the DOJ has learned to
date, and in the light of a recent executive order, its inquiry relating to the
Company has been closed.

The investigation initiated by Økokrim is still ongoing, and the Company
continues to cooperate fully with this process. As previously set out, the
timeline for the Økokrim investigation remains uncertain and beyond the
Company’s control, but the Company would expect to get more clarity about the
way forward during 2025.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Chris Butler, Group Financial
Controller of PetroNor E&P ASA on 2 April 2025 at 14:45 CEST.

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 and OML-113
in Nigeria.

More information:
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642841_20250402 PNOR - Investigation update.pdf