Panoro Energy ASA - Announcement of fixed income investor meetings

Oslo, 24 February 2026 - Panoro Energy ASA ("Panoro" or the "Company") has mandated Arctic Securities and DNB Carnegie as joint bookrunners and SB1 Markets as co-Manager to arrange a series of fixed income investor meetings commencing tomorrow. A tap issue of USD 150 million of the outstanding senior secured bond (ISIN: NO0013415786) (the "Contemplated Bond Tap Issue") may follow, subject to inter alia market conditions.

In connection with the Contemplated Bond Tap Issue, the Company has received >2/3s pre-approval for certain amendments under the bond terms to facilitate the M&A transaction.

The net proceeds from the Contemplated Bond Tap Issue shall be applied towards the acquisition of a 40.375% increased interest in Block G, Equatorial Guinea, through the acquisition of Kosmos International Petroleum, Inc., as announced in a separate stock exchange notice on 24 February 2026.

Contact information:

For further information, please contact: 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 blocks offshore southern Gabon, the TPS operated assets, offshore 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)

This information is subject to the disclosure requirements pursuant to Section 5 -12 the Norwegian Securities Trading Act