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 fromAustralia toNorway and be admitted to listing on theOslo 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 ofPetroNor and turn out to be the listed entity. Reference is made to the press releases revealed in relation toPetroNor's contemplated re-domicile toNorway on every of11 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 and27 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 inPetroNor is anticipated to be Thursday17 February 2022 . This implies that after shut of commerce on17 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 on23 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 (anticipated16 February 2022 ) and the Australian court docket's approval of the Scheme (anticipated17 February 2022 ). Holders of shares inPetroNor on the finish of buying and selling17 February 2022 , as evidenced by the VPS register on21 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 inPetroNor 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 from28 February 2022 (the "Listing Date"). 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 theNorwegian Register ofBusiness 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 about24 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 milestones:16 February 2022 Oslo Børs Listing Committee Meeting and conditional approval of listing software for PetroNor Norway 17 February2022 Australian Court approval of the Scheme17 February 2022 Last day of buying and selling of thePetroNor shares after shut of enterprise23 February 2022 Delisting of shares in PetroNor Australia24 February 2022 Implementation of Scheme24 February 2022 Extraordinary common assembly for PetroNor Norway to resolve to subject shares to shareholders registered with VPS on the Record Date25 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 prospectus28 February 2022 PetroNor Norway Shares start buying and selling on Oslo Børs (Listing Date) 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 inAustralia and PetroNor Norway, the place required. When the time period "shares" are used above as an outline of the present securities ofPetroNor , it's a reference to the depository receipts buying and selling on Euronext Expand. For additional data, please contact: Investor Relations Email: [email protected] www.petronorep.com AboutPetroNor E&P Limited PetroNor E&P Limited is anAfrica -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 offshoreWest Africa , particularly the PNGF Sud licenses in Congo Brazzaville, the A4 license in TheGambia , the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses inGuinea-Bissau , the Rufisque Offshore Profond and Senegal Offshore Sud Profond inSenegal (in arbitration) and OML-113 inNigeria (topic to completion).
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