21.8.2024 07:33:42 CEST | Magnora ASA | Additional regulated information
required to be disclosed under the laws of a member state

Torstein Sanness, Chairman of Magnora ASA, has exercised 30,000 of his share
options and increases his share holdings in Magnora ASA.

Following this exercise, Sanness will own 659,442 shares in Magnora ASA and his
remaining balance of share options in Magnora ASA is 295,000.

Following the exercise the board has utilized its authorization as granted by
the annual general meeting to issue 30,000 shares at a subscription price of NOK

0.3984525732935930 per share (being equal to the par value of the shares). 

Following registration of the new shares with the Register of Business
Enterprises the registered share capital of the Company will be NOK
26,210,937.44719881 divided into 65 781 825 shares, each having a par value of
NOK 0.3984525732935930. 

Existing shareholders' pre-emption to subscribe new shares have been set aside
in order for the Company to fulfil its obligations following exercise of the
options.

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) Magnora's portfolio of renewable companies consists of
Kustvind AB, Magnora Offshore Wind AS, Magnora Solar PV UK, Hafslund Magnora Sol
AS, Magnora South Africa, and AGV. Magnora also has a share in the future
success of Helios Nordic Energy (Vinci Concessions), Evolar (First Solar), and
Hermana Holding (design royalties). 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/17847805/18208005/4864/Download%20announce
ment%20as%20PDF.pdf

Torstein Sanness Skjema for melding om transaksjoner av innsidere.pdf -
https://kommunikasjon.ntb.no/ir-files/17847805/18208005/4863/Torstein%20Sanness%
20Skjema%20for%20melding%20om%20transaksjoner%20av%20innsidere.pdf