Oslo, 27 March 2026 - Reference is made to the stock exchange announcement by
Panoro Energy ASA (the "Company") published on 25 February 2026 regarding a
successfully completed private placement of 19,999,999 new shares (the "Offer
Shares") in the Company at a subscription price of NOK 23.35 per share (the
"Private Placement"). Reference is also made to the stock exchange announcement
published on 6 March 2026 regarding the registration of the share capital
increase pertaining to the first tranche of the Private Placement ("Tranche 1").
Further reference is made to the stock exchange announcement published on 20
March 2026 regarding the extraordinary general meeting held on the same date,
which resolved to approve the share capital increase pertaining to the second
tranche of 8,305,599 Offer Shares ("Tranche 2") of the Private Placement.
The share capital increase pertaining to Tranche 2 has today been registered
with the Norwegian Register of Business Enterprises, following which the
Company's new share capital is NOK 6,672,202.35, divided into 133,444,047
shares, each having a par value of NOK 0.05.
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.
Enquiries
Qazi Qadeer, Chief Financial Officer
Tel: +44 203 405 1060
Email: investors@panoroenergy.com
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 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)