Oslo, 16 June 2025 - Panoro Energy ASA (the "Company" or "Panoro" with OSE
ticker: "PEN") announces the awards and exercise of Restricted Share Units
("RSUs") and notification of primary insider trades.

Awards of RSUs

For the year 2025, the Board of Directors have awarded 771,579 RSUs to the key
employees of the Company under the Long-Term Incentive Plan ("LTIP") approved by
the shareholders at the 2024 Annual General Meeting. The awards are based on
specific performance criteria as previously approved by the Board of Directors.

One RSU will entitle the holder to receive one share in the Company against
payment in cash of the par value for the share. The par value is currently NOK
0.05 per share. Vesting of these RSUs is time based, over a period approved by
the Board of Directors. The vesting period of the RSUs is up to 14 June 2028,
where 1/3 of the RSUs vest on 14 June 2026 (the "First Tranche"), 1/3 vest after
1 year of the vesting of the First Tranche, and the final 1/3 vest after 2 years
from vesting of the First Tranche. RSUs are exercised automatically at the
respective vesting dates and the holder will be issued the applicable number of
shares as soon as possible thereafter.

Of the 771,579 RSUs, the primary insiders have been awarded the following:

  · John Hamilton, the Chief Executive Officer of the Company has been awarded
242,337 RSUs