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

NamePosition / DesignationDate

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/OTHERS

Erik SorengAuditor30.04.2020
Jon-Michael GrefsrødAuditor06.06.2016
Geir EvenshaugExternal Corporate Counsel10.09.2019

Management, Directors holding of shares in Panoro Energy

NameNumber of Shares% of Total SharesNumber of Outstanding Options (3)

MANAGEMENT

John Hamilton 520,0200.459448,821
Qazi Qadeer215,491 0.190145,427
Richard Morton255,4710.225144,181
Nigel McKim51,4140.045143,559

BOARD OF DIRECTORS

Julien Balkany (1)3,582,970 3.16048,000
Garrett Soden (2)25,408 0.02224,000
Torstein Sanness185,289 0.16324,000
Alexandra Herger20,950 0.01824,000
Hilde Ådland22,322 0.02024,000

(1) Mr. Balkany has beneficial interest in Nanes Balkany Partners I LP which owns 694,252 shares and Balkany Investments LLC which owns 2,485,120 shares in the Company. In addition, Mr. Balkany directly holds 403,598 shares in the Company. Thus Mr. Balkany directly and indirectly controls 3,582,970 shares in the Company

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

(3) Each Option entitles the holder to one ordinary share in the Company.