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

11 Jul 2025 17:51 CEST

Oslo, 11 July 2025 - Panoro Energy ASA ("Panoro" or the "Company") (OSE: PEN)
initiated a share buyback program on June 02, 2025, to repurchase up to NOK 100
million in value of the Company's common shares in open market transactions on
the OSE.

For the period from and including 4 July - 11 July 2025, Panoro purchased a
total of 120,000 shares at an average price of NOK 22.9761 per share.

Transaction overview

+--------------+-------+-------+-----------------+-----------------------+
|Date |Trading|Volume |Weighted average |Total daily cumulative |
| |Venue | |share price (NOK)|transaction value (NOK)|
+--------------+-------+-------+-----------------+-----------------------+
|4-11 July 2025|OSE |120,000|22.9761 |2,757,132 |
+--------------+-------+-------+-----------------+-----------------------+
|Period total | |120,000|22.9761 |2,757,132 |
+--------------+-------+-------+-----------------+-----------------------+
|Previously | |380,000|24.5056 |9,312,144 |
|disclosed buy | | | | |
|-backs | | | | |
|under the | | | | |
|program | | | | |
|(accumulated) | | | | |
+--------------+-------+-------+-----------------+-----------------------+
|Share Buy-back| |500,000|24.1385 |12,069,276 |
|Total * | | | | |
+--------------+-------+-------+-----------------+-----------------------+

* The commission cost to date for the share buy-back program amounts to NOK
24,139.

Program total cost: NOK 12,093,415

The issuer's holding of own shares: 190,130

Following the completion of the above transactions, Panoro owned a total of
190,130 of its own shares, corresponding to 0.1676% of Panoro's share capital.

Appendix:

An overview of all transactions made under the Company's repurchase program
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

651177_Panoro_Energy_ASA_Announces_Transactions_Made_Under_the_Company_s_Share_Buyback_Program.pdf
651177_250711_Appendix_Buyback_announcement_11_July_2025.pdf