Julien Balkany, Chairman of the Board of Panoro Energy ASA (the "Company") has acquired 17,211 shares in the Company on open market at a price per share of NOK 28.78. Following this transaction, Mr. Balkany directly and indirectly controls 3,670,181 shares in the Company. In addition to this, Mr. Balkany holds 48,000 options in the Company. Further detail of the transaction is set forth in the attached notification.