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Selskabsmeddelelse

Magnora ASA: Exercising of share options under share incentive scheme

Magnora
1.6.2023 12:51:04 CEST | Magnora ASA | Additional regulated information required
to be disclosed under the laws of a member state

Haakon Alfstad, CEO of Magnora Offshore Wind AS, has exercised 50,000 of his
share options in Magnora ASA. Following this acquisition, Alfstad's remaining
balance of share options in Magnora ASA is 200,000.

Bård Olsen, CFO of Magnora ASA, has exercised 25,000 of his share options in
Magnora ASA. Following this acquisition, Olsen's remaining balance of share
options in Magnora ASA is 125,000.

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) invests in renewable energy development projects and
companies. Magnora's portfolio of renewable companies consists of Helios Nordic
Energy AB, Kustvind AB, Magnora Offshore Wind AS, Magnora Solar PV UK, Hafslund
Magnora Sol AS, Magnora South Africa, and AGV. In addition, Magnora has legacy
revenues from its previous design business and potential milestone payments from
the sale of Evolar AB (sold to First Solar Inc). 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/17847805/2409/3336/Download%20announcement
%20as%20PDF.pdf
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