16.6.2025 07:30:00 CEST | Magnora ASA | Additional regulated information
required to be disclosed under the laws of a member state

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN UNITED STATES,
CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION IN WHICH THE DISTRIBUTION OR
RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES.

Magnora ASA ("Magnora" or the "Company") has received an unsolicited bid for its
full shareholding in Hermana Holding ASA ("Hermana"), totalling 4,025,621
shares. The bid was submitted by a small group of existing shareholders in
Magnora (the "Bidding Investors") through Skandinaviska Enskilda Banken AS Publ.
("SEB"). The bid price is NOK 10 per share. Magnora has accepted the bid.

To facilitate equal treatment of the shareholders in Magnora, the Company has
agreed with the Bidding Investors to launch an open bookbuilding process for a
part of the Offering at a fixed price of NOK 10 per share. All shareholders in
Magnora as shown in the VPS register at 08:00 on 16 June are invited to buy
shares in the Offering. The Offering is intended to be launched on 16 June 2025
with an application period from 08:00 until 17:00 CET.

The Bidding Investors have made their participation conditional upon being
allocated, and will be allocated, a minimum of 2 million shares. Should the book
be oversubscribed, the allocations to the other shareholders than the Bidding
Investors will be made pro rata based on each tendering shareholder's current
stake in Magnora. After the sale, Magnora will not hold any shares in Hermana
Holding ASA.

Settlement of the share sale is expected on or about 19 June (T+2) on a Delivery
Versus Payment basis.

The contemplated Offering will be carried out in accordance with applicable laws
and regulations.

With this transaction, Magnora completes the transformation into a 100%
renewable-energy company, following last year's demerger and IPO of Hermana
Holding ASA when Magnora distributed 70% of the Hermana shares to its
shareholders. Subsequently, Magnora has - as stated in Magnora's 2024 annual
report - continuously considered the best value creation route for our remaining
share in Hermana