11.7.2024 15:27:51 CEST | Magnora ASA | Inside information

As of Thursday 11 July, French infrastructure group Vinci is the owner of all
shares in Helios Nordic Energy. The full upfront payment of EUR 73 million (NOK
868 million) will be released from escrow and distributed among the sellers
without undue delay.

Magnora's board of directors has approved an extraordinary return of NOK 4 per
share. Additional details on ex date and payout date will follow upon reception
of the upfront payment.

For additional information on the transaction, including the substantial
earnout, see Magnora's stock exchange notice dated 29 May 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). 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/17847805/18179015/4753/Download%20announce
ment%20as%20PDF.pdf