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

11 Apr 2025 19:38 CEST

Oslo, 11 April 2025 - Panoro Energy ASA ("Panoro" or the "Company") (OSE: PEN)
initiated a share buyback program on May 23, 2024 to repurchase up to NOK 100
million in value 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 09 April - 11 April 2025, Panoro purchased a
total of 70,000 shares at an average price of NOK 22.1246 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 Total daily cumulative
Venue average transaction value (NOK)
share
price
(NOK)
09 April 25 OSE 30,000 22.0053 660,159
10 April 25 OSE 10,000 23.2426 232,426
11 April 25 OSE 30,000 21.8712 656,136
Period total 70,000 22.1246 1,548,721
Previously 2,870,300 29.5706 84,876,405
disclosed buy
-backs
under the
programme
(accumulated)
Program total 2,940,300 29.3933 86,425,126

The issuer's holding of own shares: 2,940,300

Following the completion of the above transactions, Panoro owned a total of
2,940,300 of its own shares, corresponding to 2.5143% 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, Block EG-01 and Block EG-23 offshore
Equatorial Guinea, the Dussafu Marin, Niosi Marin and Guduma Marin Licenses
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)

More information:
Access the news on Oslo Bors NewsWeb site

643683_250411_PEN_Weekly_Buyback_Announcement_wk46_.pdf
643683_250411_Appendix_Buyback_announcement_11_April_2025.pdf