Oslo ,13 May 2024 :PetroNor E&P ASA ("PetroNor " or the "Company") refers to previous market updates on the 2021 charges and allegation of corruption against two individuals related to the Company. The charges are instigated by the nationalAuthority for Investigation and Prosecution of Economic and Environmental Crime inNorway (Økokrim). The Company was today notified by Økokrim that these charges have been revised to include misleading investors through disclosures made to the market during the reverse take-over ofAfrican Petroleum Corporation Limited and subsequent disclosures. Consequently, the Company and its subsidiaryHemla Africa Holding have been given formal status as suspect for any possible corporate criminal liability resulting from the revised charges against the individuals. Økokrim has also notified the Company that the current chairman of the Company Mr Eyas Alhomouz is subject to the charges relating to market disclosures. As announced on8 May 2024 , the nomination committee has proposed to the annual general meeting29 May 2024 that MrJoseph Iskander will replace Mr Alhomouz, who has decided not to stand for re-election. This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. Thisstock exchange announcement was published byChris Butler , Group Financial Controller ofPetroNor E&P ASA on13 May 2024 at21:00 CEST . For further information, please contact: Investor Relations Email: ir@petronorep.com www.petronorep.com
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