Magnora Data Center ASA: Completion of transaction and resolution to issue new shares

31.8.2026 13:59:04 CEST | Magnora Data Center ASA | Total number of voting
rights and capital

Reference is made to the stock exchange announcements dated 12 August 2026 and
25 August 2026, relating to Magnora Data Center ASA (MDATA) increasing its
ownership in the Hämeenlinna data center project from 70% to 100%.

The transaction is today completed. As previously announced, a part of the
payment is MDATA shares and hence, the Board of Directors of MDATA has today
based on its existing authorisation issued 1,326,666 new MDATA shares at NOK 15
per share. The shares will be issued and delivered to the seller in the
transaction, Northern Europe Energy Group AS ("NEEG"). As the shares are paid
for by way of set-off against a seller credit issued by NEEG in connection with
the transaction, existing shareholders do not have a pre-emption right to
subscribe for the new shares.

Following registration of the new shares with the Norwegian Register of Business
Enterprises, the share capital of MDATA will be NOK 6,079,599.96, divided into
101,326,666 shares, each with a nominal value of NOK 0.06.

DISCLOSURE REGULATION

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

CONTACTS

 * Erik Sneve, Chairman of the Board, Magnora Data Center ASA, es@magnoraasa.com


ABOUT MAGNORA DATA CENTER ASA

Magnora Data Center focuses on developing medium to large-scale data center
projects, and on operating data center capacity through our subsidiary
Storespeed. We assess a wide range of opportunities before selecting or
initiating projects. For our development projects, the strategy is to exit when
projects reach ready-to-build or near-ready stages - bringing in operators,
hyperscalers or infrastructure investors to take projects through construction
and operations. For Storespeed, we operate and grow the asset directly, with
co-location, AI hosting and sovereign cloud as core services. Growth is
primarily organic, driven by a pragmatic and disciplined approach to project
selection and execution.

The group's revenue model combines project sales og milestone payments with
recurring revenues from Storespeed operations. Project sale revenues may
fluctuate based on market conditions and timing, while underlying value creation
remains steady, driven by a growing project portfolio, grid applications,
permitting progress, and the build-out of operational capacity. Magnora Data
Center was during the spring of 2026 established as a separate group but still
with Magnora ASA as a parent company, and building on Magnora's track record of
value creation in renewables and infrastructure since 2019.

Magnora Data Center is listed on Euronext Growth Oslo, with ticker MDATA.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17850865/19044728/16534/Download%20announc
ement%20as%20PDF.pdf
unikasjon.ntb.no/ir-files/17850865/19044728/16534/Download%20announc\
ement%20as%20PDF.pdf\