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Regulatory press release

Magnora ASA: Mandatory notification of trade - executive chairman buys Magnora shares

Magnora
15.8.2023 16:41:58 CEST | Magnora ASA | Mandatory notification of trade primary
insiders

Torstein Sannes, Executive Chairman of Magnora ASA, has purchased 35,000 shares
in Magnora ASA

Torstein Sannes, Executive Chairman of Magnora ASA, has purchased 35,000 shares
in Magnora ASA ("Magnora") today 15 August 2023 at an average price of NOK 30.70
per share. Following this acquisition, Torstein Sannes controls 629,442 shares
in Magnora ASA, which equals 0.94 percent of the issued shares and votes in the
company. Mr. Sannes also holds 325,000 share options in Magnora ASA.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Erik Sneve, CEO, email: es at magnoraasa.com
* Torstein Sanness, Executive chairman, email: sanness at sf-nett.no

ABOUT MAGNORA ASA

Magnora ASA (OSE: MGN) has a legacy royalty business that is re-invested in
renewable energy development projects and companies. Magnora's portfolio of
renewable companies consists of Evolar AB, Helios Nordic Energy AB, Kustvind AB,
Magnora Offshore Wind AS, Magnora Solar PV UK, Hafslund Magnora Sol AS, Magnora
South Africa, and AGV. The company is listed on the main list on Oslo Stock
Exchange under the ticker MGN.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847805/2544/3537/Download%20announcement
%20as%20PDF.pdf
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