Transaction by Related Party of Primary Insider

16 July 2021 PetroNor E&P Limited (“PetroNor” or the “Company”) Transaction by Related Party of Primary Insider Please see the attached form regarding pledging of shares in PetroNor E&P Limited conducted by NOR Energy AS as security for a loan facility from DNB Bank. This transaction has no effect on the voting rights on the shares owned by NOR Energy AS. ***** For further information, please contact: Knut Søvold, Chief Executive Officer Chris Butler, Group Financial Controller info@petronorep.com Media Contacts: Buchanan Ben Romney Tel: +44 207 466 5000 About PetroNor E&P PetroNor E&P Limited is a sub-Saharan focused independent oil and gas exploration and production company listed on Oslo Euronext Expand with the ticker PNOR. PetroNor holds exploration and production assets offshore West Africa, specifically 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 (subject to completion).