28.2.2024 16:58:24 CET | Magnora ASA | Additional regulated information required
to be disclosed under the laws of a member state

On 28 January 2024, Magnora's Board of Directors authorized a payment of 0.187
per share.

Magnora's sound financial position and expected cash flow allow Magnora to
continue distributing capital to shareholders.

The size of the cash distribution will be considered each quarter. Going
forward, Magnora's ambition is to increase this quarterly distribution in line
with the growth of the company. If deemed appropriate by the Board of Directors,
the quarterly review will also consider special distributions on top of the
regular distribution.

On 28 February 2024, the Board of Directors held a board meeting to authorize
cash distribution. The Board authorized a payment of 0.187 per share. The cash
distribution is based on the Company's annual accounts for 2023 and
authorization from the AGM held on 25 April 2023.

 

The cash distribution is a repayment of paid-in capital in excess of the par
value of the Magnora share.

 

The table below sets out the key dates for the dividend payment.

Dividend amount          | NOK 0.187       
-------------------------------------------
Last day including right | 29 February 2024
-------------------------------------------
Ex-date                  | 1 March 2024    
-------------------------------------------
Record date              | 4 March 2024    
-------------------------------------------
Payment date             | 7 March 2024    

 

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) 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/17847805/2942/4132/Download%20announcement
%20as%20PDF.pdf