Proposed Re-domicile to Norway – Scheme Meeting Date

Source: 10/22/2021, Location: Europe

PetroNor E&P Limited is pleased to provide the following update on the status of its proposed re-domiciliation from Australia to Norway via a Scheme of Arrangement (“Scheme”), under which PetroNor E&P ASA, a wholly-owned subsidiary of PetroNor incorporated in Norway (“PetroNor Norway”) will acquire all of the shares in PetroNor.

If the Scheme is implemented PetroNor shareholders will receive one share in PetroNor Norway (“PetroNor Norway Share”) for every PetroNor share held on the Scheme record date. PetroNor Norway will apply to have the PetroNor Norway Shares listed on Oslo B?rs. PetroNor Norway shareholders will be able to trade their PetroNor Norway Shares on Oslo B?rs after the implementation of the Scheme.

First Court Hearing
The Supreme Court of Western Australia (“Court”) has today made orders approving the despatch of the Scheme Booklet to PetroNor shareholders and has ordered the convening of a meeting of PetroNor shareholders to consider and, if thought fit, approve the Scheme.

Scheme Meeting
Notice is given that the shareholders’ meeting will be held in person at the Offices of Steinepreis Paganin, Level 4, 16 Milligan Street, Perth, Western Australia at 4:00pm (AWST) on Monday, 29 November 2021 (“Scheme Meeting”).

PetroNor shareholders who are unable attend the Scheme Meeting are encouraged to vote either by appointing a proxy, corporate representative or attorney to attend the Scheme Meeting.

Despatch of Scheme Booklet
PetroNor will shortly be despatching the Scheme Booklet (containing information about the Scheme) to shareholders electronically in accordance with the Court orders. PetroNor will despatch hard copies of the Scheme Booklet to those shareholders who have elected this method of delivery.

The Scheme Booklet will be registered with the Australian Securities and Investments Commission (“ASIC”) and announced to the market.

PetroNor shareholders are also advised that the notice of meeting for the Scheme Meeting is contained in Annexure D of the Scheme Booklet, which contains further details of how to vote on the resolution being considered at the Scheme Meeting, including a proxy vote instruction for depository receipt holders.

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