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Regulatory press release

MAGNORA ASA: Mandatory Notification of Voting Rights - 2023 AGM

Magnora
14.4.2023 10:52:11 CEST | Magnora ASA | Major shareholding notifications

In connection with the annual general meeting scheduled for 25 April 2023 (the
"AGM"), chairman of the board of directors, Torstein Sanness, has received
proxies without voting instructions representing 18,691,977 shares and votes,
equal to 28% of all issued shares and votes. The proxies are valid only for the
AGM. In addition, Mr. Sanness controls, directly or indirectly, a total of
594,442 shares and votes which, together with received proxies, means that Mr.
Sanness controls 19,286,419 shares and votes, equal to 28.9%, at the AGM.
Consequently, the 25% disclosure threshold has been crossed. This information is
subject to the disclosure requirements pursuant to sections 4-2 and 4-4 of the
Securities Trading Act.

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 Evolar AB, 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/17847805/2248/3083/Download%20announcement
%20as%20PDF.pdf
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