PetroNor E&P ASA: Proposal for amendment of and appointment to the Board and Notice of Extraordinary General Meeting

Oslo, 4 January 2023: PetroNor E&P ASA ("PetroNor" or the "Company"), pronounces
an Extraordinary General Meeting to happen on 26 January 2023 at 10:00 AM

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 PetroNor with two new Directors, Mrs. Azza Fawzi and Mr.
Jarle Norman-Hansen, taking the Company's Board to a complete of six Directors. 

Mrs. Fawzi is a former Shell finance government the place she labored in varied
capacities in Qatar, Nigeria, Brazil, US Gulf of Mexico and 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 PetroNor by 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 1 per
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

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

Shareholders taking part should go to the following web site: and enter the Meeting ID: 113-380-813. Detailed
directions on how to entry the on-line assembly are included in the discover of

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:
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]

About PetroNor E&P
PetroNor E&P is an Africa-focused unbiased oil and gasoline exploration and
manufacturing firm listed on Oslo Børs with the ticker PNOR. PetroNor E&P holds
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.

Click right here for extra data

© Oslo Bors ASA, supply Oslo Stock Exchange

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