PETRONOR E&P ASA Oslo ,30 September 2021 -Panoro Energy ASA (the "Company" or "Panoro" with OSE Ticker: "PEN") andPetroNor E&P Limited ("PetroNor ") have reached an agreement to extend the completion long stop date for the previously announced sale of its fully-owned subsidiaries that hold 100% of the shares inPan Petroleum Aje Limited ("Pan Aje ") ("the Transaction"). The amended long stop date to complete the Transaction is now31 October 2021 . The regulatory approval process inNigeria is well underway and expected to conclude soon. An announcement will be made once the necessary regulatory approvals are in place. This announcement is subject to disclosure pursuant to section 5-12 of the Norwegian Securities Trading Act. EnquiriesQazi Qadeer , Chief Financial Officer Tel: +44 203 405 1060 Email: investors@panoroenergy.com AboutPanoro Energy Panoro Energy ASA is an independent exploration and production company based inLondon and listed on the main board of theOslo Stock Exchange with the ticker PEN. Panoro holds production, exploration and development assets inAfrica , namely a producing interest in Block-G, offshoreEquatorial Guinea , the Dussafu License offshore southernGabon , OML 113 offshore westernNigeria (held-for -sale, subject to completion), the TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, offshoreTunisia and participation interest in an exploration Block 2B, offshoreSouth Africa . Visit us at www.panoroenergy.com Follow us on Linkedin (https://www.linkedin.com/company/panoro-energy)
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