MANDATORY NOTIFICATION OF VOTING RIGHTS - 2025 AGM

12 May 2025 17:00 CEST

Oslo, 12 May 2025 - In connection with the annual general meeting scheduled for
21 May 2025 (the "AGM"), chairman of the board of directors Julien Balkany has
received proxies without voting instructions representing 3,499,635 shares and
votes, equal to 2.99% of all issued shares and votes. The proxies are valid only
for the AGM.

In addition, Mr. Balkany controls, directly or indirectly, a total of 3,812,211
shares and votes which, together with received proxies, means that Mr. Balkany
controls 7,311,846 shares and votes, equal to 6.25%, at the AGM. Consequently,
the 5% disclosure threshold has been crossed.

This information is subject to the disclosure requirements pursuant to section 4
-3 of the Securities Trading Act.

Oslo, Panoro Energy ASA

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646074_Mandatory_Notification_of_Voting_Rights_2025_AGM.pdf