Oslo, 4 January 2023: PetroNor E&P ASA(" PetroNor" or the "Company"), pronounces an Extraordinary General Meeting to happen on 26 January 2023at 10:00 AM (CET). Proposed appointment of two new Directors to the Board Pursuant to advice from the nomination committee, the Board is proposing to broaden the Board of PetroNorwith two new Directors, Mrs. Azza Fawziand Mr. Jarle Norman-Hansen, taking the Company's Board to a complete of six Directors. Mrs. Fawziis a former Shellfinance government the place she labored in varied capacities in Qatar, Nigeria, Brazil, US Gulf of Mexicoand Mexico. She is an worldwide oil and gasoline finance government with international board, audit and government management expertise. Mr. Norman-Hansen has greater than 30 years of expertise from the Nordic property and capital markets overseeing acquisitions and asset administration of multibillion investments in addition to appearing as advisor to many of Scandinavia's largest actual property capital markets transactions. Mr. Norman-Hansen is a present shareholder of PetroNorby his firm Ambolt. The proposed new candidates are thought of to be unbiased of the Company's government administration, materials enterprise contacts and major shareholders (being shareholders holding greater than 10% of the shares in the Company). Proposal for a Reverse Share Split The Board is moreover proposing a reverse share break up in the ratio 2:1 in order to meet the Oslo Børs' necessities of a minimal share worth of NOK 1per share. The Company will subject a separate inventory trade announcement at a later date with the key dates for the share consolidation as soon as such dates are established. The formal discover of the Extraordinary General Meeting is hooked up to this announcement and might be discovered on the Company's web site at www.petronorep.com. Shareholders taking part should go to the following web site: https://web.lumiagm.com and enter the Meeting ID: 113-380-813. Detailed directions on how to entry the on-line assembly are included in the discover of assembly. Shareholders should pre-register their attendance prior to the Extraordinary General Meeting. To register their attendance, shareholders receiving the discover of assembly in the submit shall comply with the hyperlink: https://investor.vps.no/gm/logOn.htm?token=dc6f6c378132f2452e1eb744bf1852dae49e1 6cb&legitimateTo=1677315600000&oppdragsId=20221223VPO045U0, whereas shareholders receiving the discover of assembly electronically also can register their attendance by investor providers. This data is topic to the disclosure necessities pursuant to part 5-12 of the Norwegian Securities Trading Act. For additional data, please contact: Investor Relations Email: [email protected] www.petronorep.com About PetroNor E&P PetroNor E&Pis an Africa-focused unbiased oil and gasoline exploration and manufacturing firm listed on Oslo Børs with the ticker PNOR. PetroNor E&Pholds exploration and manufacturing belongings 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.
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