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

Oslo, 25 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 18 July - 25 July 2025, Panoro purchased a
total of 94,250 shares at an average price of NOK 23.7883 per share.

Transaction overview
Date Trading Volume Weighted average Total daily cumulative
Venue share price (NOK) transaction value (NOK)
18-25 July 2025 OSE 94,250 23.7883 2,242,048
Period total 94,250 23.7883 2,242,048
Previously 500,000 24.1386 12,069,276
disclosed buy
-backs
under the
program
(accumulated)
Share Buy-back 594,250 24.0830 14,311,324
Total *

* The commission cost to date for the share buy-back program amounts to NOK
28,623.

Program total cost: NOK 14,339,947
The issuer's holding of own shares: 284,380

Following the completion of the above transactions, Panoro owned a total of
284,380 of its own shares, corresponding to 0.2507% 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.

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