The companies listed on the Oslo Stock Exchange have an obligation to keep updated their lists of primary insiders. The list of primary insiders that is made public on this page is equal to the updated lists which Oslo Stock Exchange has received from Panoro Energy ASA.

LIST OF PRIMARY INSIDERS

NamePositionDesignationDate

MANAGEMENT

John HamiltonCEO13.05.2015
Qazi QadeerCFO05.07.2010
Richard MortonTechnical Director25.02.2015
Nigel McKimProjects Director26.02.2019

BOARD OF DIRECTORS

Julien BalkanyChairman14.10.2014
Alexandra HergerBoard member14.10.2014
Garrett SodenBoard member27.05.2015
Torstein SannessBoard member27.05.2015
Hilde ÅdlandBoard member02.03.2016

AUDITORS

Tor Inge SkjellevikAuditor 06.06.2016
Jon-Michael GrefsrødAuditor 06.06.2016
Geir EvenshaugExternal Corporate CounselAuditor 10.09.2019

Management, Directors holding of shares in Panoro Energy

NameNumber of Shares% of Total Shares

PANORO ENERGY ASA

John Hamilton393,1830.518
Qazi Qadeer174,7630.230
Richard Morton214,7430.283
Nigel McKim22,1460.029

BOARD OF DIRECTORS

Julien Balkany (1)3,488,824
4.596
Garrett Soden (2)25,4080.033
Torstein Sanness185,2890.244
Alexandra Herger20,9500.028
Hilde Ådland22,3220.029

(1) Mr. Balkany has beneficial interest in Nanes Balkany Partners I LP which owns 600,106 shares in the Company and Balkany Investments LLC which owns 2,485,120 shares in the Company. In addition, Mr. Balkany directly holds 81,018 shares in the Company.

(2) Holds directly or indirectly 25,408 shares in the Company.