Panoro Energy - Key Information on Cash Distribution

Oslo, 21 May 2026 - The board of directors of Panoro Energy ASA ("Panoro" or the "Company") today declares a cash distribution of NOK 0.374 per share (representing a cash distribution to shareholders of NOK 50 million).

Distribution amount: NOK 0.374 per share

Declared currency: NOK

Last day of trading including right: 29 May 2026

Ex-distribution date: 1 June 2026

Record date: 2 June 2026

Payment date: On or about 10 June 2026

Date of approval: 20 May 2026

Distributions will be paid in NOK

The cash distribution will be paid as a return of paid in capital

Enquiries

Qazi Qadeer, Chief Financial Officer

Tel: +44203 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 blocks offshore southern Gabon, the TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, 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)