24.4.2025 21:00:07 CEST | Magnora ASA | Additional regulated information
required to be disclosed under the laws of a member state

On 24 April 2025, Magnora's Board of Directors approved a payment of NOK 0.187
per share and an extension of the share buyback programme.

The payment of NOK 0.187 is a regular quarterly cash distribution to
shareholders in the form of repayment of paid-in capital in excess of the par
value of the Magnora share.

The Board's decision is based on the authorisation to the Board from the Annual
General Meeting (AGM) held on 23 April 2024 and Magnora's sound financial
position, the steady growth of the project portfolio, and the outlook for cash
flow including project sales and revenues.

Dividend amount: NOK 0.187 per share
Last day including right: 28 April 2025
Ex-date: 29 April 2025
Record date: 30 April 2025
Payment date: 05 May 2025

The Board also decided to extend, until the AGM on 29 April 2025, the share
buyback programme launched on 5 September 2024.

The terms of the programme remain unchanged, as this is merely an extension of
the existing program to permit buyback transactions until the AGM next week.

Transactions will be carried out by market purchases in accordance with the
authorisation granted by the AGM on 23 April 2024 and based on the market price
on the Oslo Stock Exchange. The maximum consideration to be paid for shares is
NOK 35 per share and NOK 50 million in aggregate. The programme will be
terminated no later than 29 April 2025. Magnora may at any time without further
notice close or suspend the programme. Shares purchased will be used to reduce
the number of outstanding shares, for the issuing of compensation shares or
other corporate purposes. The maximum number of shares purchased in any one day
is limited to 50% of the average weighted daily volume of Magnora shares traded
in the 20 trading days preceding the day of purchase.

In the notice to the AGM 2025 the Board has proposed authorisations to the Board
to perform share buybacks up to 10% of the share capital and to approve cash
return of capital to the shareholders. Subject to authorisation from the AGM to
perform share buybacks, the Board intends to launch a renewed buyback programme
shortly after the AGM.

Magnora's financial strategy and cash return policy: 
Magnora allocates capital to where the company expects a return well above the
cost of capital. The capital structure is normally all equity based with
substantial cash. Taking into account the need for growth capital and expected
future cash flows, excess capital will normally be returned to the shareholders
through dividend, repayment of paid-in capital or share buybacks with subsequent
cancelling of shares. Such excess capital may include received earn-out payments
related to past project sales, which upon receipt may lead to extraordinary
dividend or cash return.

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, Chairman of the Board, email: sanness at sf-nett.no 

ABOUT MAGNORA ASA

Magnora ASA (OSE: MGN) is a renewable-energy group developing wind, solar and
battery storage projects. Magnora has operations in Europe and Africa through
the portfolio companies Hafslund Magnora Sol AS, Magnora Offshore Wind AS,
Emernor GmbH, Magnora Italy Srl, Magnora Solar PV UK, Magnora South Africa, and
AGV. Magnora also has earn-out revenues related to the former portfolio
companies Helios Nordic Energy and Evolar, and a financial ownership in Hermana
Holding. Magnora is listed on the main list of the Oslo Stock Exchange under the
ticker MGN.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847805/18503715/5979/Download%20announce
ment%20as%20PDF.pdf