Reference is made to the press release for achievement of milestone by the Shell
Penguins on 4 February 2025.
Magnora ASA has now confirmed receipt of the funds from Shell UK Ltd. and the
funds will without delay be forwarded to Hermana to settle part of the demerger
receivable established between the two companies last year.
For further information, please contact: Stein Bjørnstad, CEO,
stein.bjornstad@hermanaholding.com, +47 952 68 712
About Hermana:
Hermana Holding ASA is a royalty and investment company that provides financing
in exchange for revenue streams or ownership stakes. The company has been listed
on the main list of the Oslo Stock Exchange since June 2024. Hermana has
revenues from FPSO design rights previously owned by Sevan Marine ASA and
Magnora ASA. Hermana has low costs, a capital-light balance sheet, and a patient
and ambitious approach to capital allocation.