PETRONOR E&P ASA Oslo ,7 April 2022 :PetroNor E&P ASA advises thatArctic Securities have completed their engagement as the Sale Agent for the Scheme of Arrangement that took place inFebruary 2022 and sold the shares for investors not registered on the VPS back into the market. DuringMarch 2022 , the Sale Agent sold 1,366,564 shares with an average sale price ofNOK 0.900506 per share, this is approximately 0.1% of the total shares in issue. The sale proceeds have now been transferred toComputershare inAustralia for distribution to the former investors ofPetroNor E&P Ltd that did not have a VPS account inNorway .Computershare has set13 April 2022 as the payment date for the final distribution of these proceeds, that will be sent electronically or via cheque depending on the payment preferences registered withComputershare for each investor. After the conversion to AUD and deduction of Sale Agent fees, this small group of investors can expect proceeds of AUD 0.135078 per share. For additional information, please contact: Investor Relations Email: ir@petronorep.com www.petronorep.com AboutPetroNor E&P ASA PetroNor E&P ASA is anAfrica -focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR.PetroNor E&P ASA holds exploration and production assets offshoreWest Africa , specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in TheGambia , the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses inGuinea-Bissau , the Rufisque Offshore Profond and Senegal Offshore Sud Profond inSenegal (in arbitration) and OML-113 inNigeria (subject to completion).
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