Oslo ,7 June 2024 -Panoro Energy ASA ("Panoro" or the "Company") (OSE: PEN) initiated a share buyback programMay 23, 2024 to repurchase up toNOK 100 million in value of the Company's common shares in open market transactions on the OSE pursuant to an agreement withArctic Securities AS . For the period from and including 3 June through7 June 2024 , Panoro purchased a total of 170,000 shares at an average price ofNOK 34.3133 per share. The transactions effected through the agreement with Arctic comprise all the transactions effected by or on behalf of the Company during the period. Transaction overview +-----------------------------+-------+-------+-----------------+------------- ----+ |Date |Trading|Volume |Weighted average |Total daily | | |Venue | |share price (NOK)|transaction value| | | | | |(NOK) | +-----------------------------+-------+-------+-----------------+------------- ----+ |3 June 2024 |OSE |40,000 |36.8273 |1,473,092 | +-----------------------------+-------+-------+-----------------+------------- ----+ |4 June 2024 |OSE |70,000 |33.6582 |2,356,074 | +-----------------------------+-------+-------+-----------------+------------- ----+ |5 June 2024 |OSE |20,000 |33.7295 |674,590 | +-----------------------------+-------+-------+-----------------+------------- ----+ |6 June 2024 |OSE |20,000 |33.3328 |666,656 | +-----------------------------+-------+-------+-----------------+------------- ----+ |7 June 2024 |OSE |20,000 |33.1426 |662,852 | +-----------------------------+-------+-------+-----------------+------------- ----+ |Period total |OSE |170,000|34.3133 |5,833,264 | +-----------------------------+-------+-------+-----------------+------------- ----+ |Previously disclosed buy-buys|OSE |200,000|35.8824 |7,176,580 | |under the programme | | | | | |(accumulated) | | | | | +-----------------------------+-------+-------+-----------------+------------- ----+ |Program total |OSE |370,000|35.1617 |13,009,844 | +-----------------------------+-------+-------+-----------------+------------- ----+ The issuer's holding of own shares: 370,000 Following the completion of the above transactions, Panoro owned a total of 370,000 of its own shares, corresponding to 0.3163% of Panoro's share capital. Appendix: An overview of all transactions made under the Company's repurchase program and its agreement withArctic Securities 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 PanoroPanoro 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 interests in Block-G, Block S and Block EG-01 offshoreEquatorial Guinea , the Dussafu Marin License offshore southernGabon , the TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, offshoreTunisia , and onshore Technical Co-operation Permit 218 inSouth Africa . Visit us at www.panoroenergy.com. Follow us on LinkedIn (https://www.linkedin.com/company/panoro-energy)
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