4.7.2024 16:07:55 CEST | Magnora ASA | Additional regulated information required
to be disclosed under the laws of a member state

On 29 May, a deal was signed to sell all shares in Helios Nordic Energy AB
(Helios) to the French industrial infrastructure company Vinci. Closing of the
transaction was subject to the buyer receiving FDI approval from the Swedish FDI
Authority. Such approval has been received, and the parties have agreed to
initiate closing. The process is likely to be concluded by mid-July.

Magnora's Board has approved the return of NOK 4 per share. This return of
capital will be paid on the first practical date after closing the Helios
transaction, that is in the middle of July 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 

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 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/17847805/18174489/4743/Download%20announce
ment%20as%20PDF.pdf