Regulatory press release

Magnora ASA: New share capital registered

7.5.2026 11:30:45 CEST | Magnora ASA | Additional regulated information required
to be disclosed under the laws of a member state

Reference is made to the stock exchange announcements by Magnora ASA (the
"Company") published on 5 May 2026 regarding the successfully completed private
placement of a total of 8,200,000 shares in the Company at a subscription price
of NOK 29 per share (the "Private Placement"), comprising 6,578,182 new shares
(the "New Shares") and 1,621,818 treasury shares.

The share capital increase pertaining to the issuance of the New Shares has
today been registered with the Norwegian Register of Business Enterprises.
Following registration, the Company's registered share capital is NOK
36,180,003.50, divided into 72,360,007 shares, each with a nominal value of NOK
0.50.

Upon completion and delivery of the treasury shares in the Private Placement,
the Company will hold 104,623 treasury shares.

For further information, please refer to the stock exchange notice published by
the Company on 5 May 2026.

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

ABOUT MAGNORA ASA

Magnora ASA (OSE: MGN) is a developer of data center, wind, solar, and battery
projects, as well as a data center operator. Magnora has operations in Europe
and Africa through the portfolio companies Magnora Data Center AS, Magnora Data
Center AB, Storespeed AS, Hafslund Magnora Sol AS, Magnora Offshore Wind AS,
Magnora Germany, Magnora Italy Srl., Magnora Solar PV UK, Magnora South Africa,
and AGV. Magnora also has earn-out revenues related to the former portfolio
companies Helios Nordic Energy and Evolar. Magnora is listed on the main list of
the Oslo Stock Exchange under the ticker MGN.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847805/18893724/9505/Download%20announce
ment%20as%20PDF.pdf