CEO Temporary Leave of Absence

20 Oct 2025 07:30 CEST

Oslo, 20 October 2025 - Panoro Energy ASA ("Panoro" or the "Company" with OSE
ticker "PEN") announces that John Hamilton, Group Chief Executive Officer, has
decided to take a leave of absence for personal family reasons, effective
immediately.

The Company has over the years built a very strong team who will provide
continuity in the delivery of the group's strategy during this period. Julien
Balkany will temporarily act as Executive Chairman and will work alongside Eric
d'Argentré (COO and President) who will assume additional corporate
responsibilities.

Julien Balkany, interim Executive Chairman of the Board of Directors, commented:

"John is an invaluable, highly regarded friend and colleague. I know that I
speak for everyone at Panoro in expressing our full support and best wishes as
he temporarily steps away to rightly prioritise personal family matters."

About Panoro Energy

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)

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657444_CEO_Temporary_Leave_of_Absence.pdf