PetroNor E&P Limited: Indicative timeline for re-domicile process and listing of shares in PetroNor E&P ASA

Oslo, 15 February 2022: PetroNor E&P Limited (OSE ticker: "PNOR") (the
"Company", and along with its consolidated subsidiaries, "PetroNor") is on
observe with the process to alter domicile from Australia to Norway and be
admitted to listing on the Oslo Stock Exchange most important listing ("Oslo Børs").
Following the change of domicile, PetroNor E&P ASA ("PetroNor Norway") might be
the final word mother or father of PetroNor and turn out to be the listed entity. Reference is made
to the press releases revealed in relation to PetroNor's contemplated
re-domicile to Norway on every of 11 February 2022, 28 January 2022, 16 December
2022, 9 December 2022, 8 December 2022, 2 December 2022, 29 November 2021, 16
November 2021, 29 October 2021 and 27 October 2021.
In relation to the contemplated re-domicile, and in order to switch all of the
shares held by the Company's shareholders to PetroNor Norway and adjust to
Australian court docket and authorized necessities, the final day of buying and selling of the shares
in PetroNor is anticipated to be Thursday 17 February 2022. This implies that after
shut of commerce on 17 February 2022, no additional buying and selling in the Company is
anticipated to happen (the "Stop in Trading"). The shares in the Company are
subsequently anticipated to be delisted on 23 February 2022 (the "Delisting"). The
Stop in Trading and Delisting are topic to PetroNor Norway's listing
software being authorized by Oslo Børs' listing committee (anticipated 16 February
2022) and the Australian court docket's approval of the Scheme (anticipated 17 February
Holders of shares in PetroNor on the finish of buying and selling 17 February 2022, as
evidenced by the VPS register on 21 February 2022 (the "Record Date"), might be
eligible to obtain one share in PetroNor Norway for every share registered with
VPS on the Record Date. Effectively, because of this shareholders as on the
document date will trade their shares in PetroNor buying and selling on Euronext Expand
with an equal quantity of shares in PetroNor Norway buying and selling on the principle listing of
Oslo Børs. Shareholders are knowledgeable that no additional actions by shareholders are
required for this trade to happen. The shares in PetroNor Norway are
anticipated to start buying and selling on Oslo Børs from 28 February 2022 (the "Listing
The new shares in PetroNor Norway might be delivered to the VPS accounts of the
shareholders (both private accounts or by nominee preparations) as at
the Record Date as quickly as virtually doable after registration of such
shares in the Norwegian Register of Business Enterprises. The new shares in
PetroNor Norway is not going to be tradeable on Oslo Børs earlier than the Listing Date.

The above is topic to the Australian scheme of association being efficiently
accomplished (anticipated on or about 24 February 2022).

Set out under is an indicative timeline of the re-domicile process. Separate
inventory trade releases might be introduced in reference to every of these

16 February 2022	Oslo Børs Listing Committee Meeting and conditional approval of
listing software for PetroNor Norway
17 February 2022	Australian Court approval of the Scheme
17 February 2022	Last day of buying and selling of the PetroNor shares after shut of
23 February 2022	Delisting of shares in PetroNor Australia
24 February 2022	Implementation of Scheme
24 February 2022	Extraordinary common assembly for PetroNor Norway to resolve to
subject shares to shareholders registered with VPS on the Record Date 
25 February 2022	Issue of shares in PetroNor Norway registered and delivered to
VPS accounts 
At the most recent previous to 08:00 on the Listing Date	Publication of PetroNor Norway
28 February 2022	PetroNor Norway Shares start buying and selling on Oslo Børs (Listing

All dates are indicative solely. PetroNor has the appropriate to differ all or any of
these dates and instances, topic to the approval of such variation by the Court in
Australia and PetroNor Norway, the place required. When the time period "shares" are used
above as an outline of the present securities of PetroNor, it's a reference
to the depository receipts buying and selling on Euronext Expand. 

For additional data, please contact:
Investor Relations
Email: [email protected]

About PetroNor E&P Limited
PetroNor E&P Limited is an Africa-focused impartial oil and gasoline exploration
and manufacturing firm listed on Oslo Euronext Expand with the ticker PNOR.
PetroNor E&P Limited holds exploration and manufacturing property offshore West
Africa, particularly the PNGF Sud licenses in Congo Brazzaville, the A4 license
in The Gambia, the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses in
Guinea-Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in
Senegal (in arbitration) and OML-113 in Nigeria (topic to completion).

Click right here for extra data

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