5.9.2024 13:31:06 CEST | Magnora ASA | Acquisition or disposal of the issuer's
own shares

Magnora, a Norwegian renewable energy development company re-launches its share
buyback program.

The Board of Magnora has today approved to restart the share buyback program.
Transactions will be carried out by market purchases in accordance with the
authorisation granted by the AGM on 23 April 2024. Buyback will be executed
based on the market price on the Oslo Stock Exchange. The maximum consideration
to be paid for shares acquired under the buyback program is NOK 35 per share and
NOK 50 million in aggregate. The program will be terminated no later than 15
April 2025. Magnora may at any time without further notice close or suspend the
program. Shares purchased under the program 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.

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) 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/17847805/18225866/4941/Download%20announce
ment%20as%20PDF.pdf