14.6.2024 19:00:01 CEST | Magnora ASA | Additional regulated information
required to be disclosed under the laws of a member state

Reference is made to previous stock exchange announcements published by Magnora
ASA ("Magnora" or the "Company") regarding a spin-off demerger relating to a
subsequent listing on the Oslo Stock Exchange of Magnora's legacy business (the
"Listing").

The second demerger has today been registered as completed in the Norwegian
Register of Business Enterprises and 70% of the shares in Western Isles Holding
AS has been tranferred to Hermana Holding ASA ("Hermana") (the "Spin-Off
Demerger"). As a result of the Spin-Off Demerger, the share capital of the
Company was reduced by NOK 6,676,928.63. The new share capital of the Company is
now NOK 26,198,983.87. Upon registration of the Spin-Off Demerger in Euronext
Securities Oslo, shareholders in Magnora ASA will receive the same number of
shares as they held in Magnora in Hermana. The shares in Hermana are expected to
be tradeable on or about 18 June 2024, i.e. the first day of trading in Hermana
on the Oslo Stock Exchange.

Magnora's remaining 30% shareholding in Western Isles Holding AS will be
contributed as a contribution in-kind to Hermana today, and registered with the
Register of Business Enterprises as soon as possible. Following the contribution
in-kind, Magnora will be the owner of 30% of the shares in Hermana which in turn
is the owner of 100% of the shares in Western Isles Holding AS (being the owner
of the license busines).

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 

ABOUT MAGNORA ASA

Magnora ASA (OSE: MGN) has a legacy royalty business that is re-invested 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. 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/17847805/18142181/4659/Download%20announce
ment%20as%20PDF.pdf