Panoro Energy ASA announced the following corporate changes in connection with the published calling notice for the Annual General Meeting (the "AGM") to be held on May 23, 2023. As previously reported, Mrs. Hilde Ådland, who has served on the Board of Directors of Panoro (the "Board") since 2016, has decided last year to retire from the Board at the next AGM. In making this decision, Mrs. Ådland cites other engagements, the need to rotate following a long tenure and to allow new perspectives to be brought to the Board.

In addition, due to additional significant board responsibilities and having recently become over-boarded, Mrs. Grace Reksten Skaugen has informed the Company that, in accordance with recommended corporate governance best practices, she will not seek reelection at the AGM and will also step down from the Board. However, to ensure continuity Mrs. Reksten Skaugen will remain involved with the Company through joining the Nomination Committee and will serve as an advisor to the Board.