7.11.2024 21:04:08 CET | Magnora ASA | Additional regulated information required
to be disclosed under the laws of a member state

Erik Sneve, CEO of Magnora ASA, has been granted 75,000 options with a strike
price of NOK 23.76, which gives him the rights to acquire 75,000 additional
shares in the Company.

Vesting period is 3 years, and the options expire 5 years from vesting date. 

Mr. Sneve's total ownership directly and through affiliated ownership through
close family and other accounts is 1,183,871 shares, which equal to 1.8 percent
of the issued shares and votes in the Company.

Mr. Sneve holds 525,000 share options in Magnora ASA including the 75,000
options mentioned above.

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/17847805/18315084/5217/Download%20announce
ment%20as%20PDF.pdf