NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN UNITED STATES,
CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION IN WHICH THE DISTRIBUTION OR
RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES.
Hermana Holding ASA ("Hermana" or the "Company") has been informed that Magnora
ASA ("Magnora"), the Company's largest shareholder, has accepted an offer for
its full shareholding in Hermana. The bid was submitted by a small group of
existing shareholders in Magnora (the "Bidding Investors") through Skandinaviska
Enskilda Banken AS Publ. ("SEB"). The bid price is NOK 10 per share. To
facilitate equal treatment of its shareholders, Magnora has agreed with the
Bidding Investors to launch an open bookbuilding process for a part of the
Offering at a fixed price of NOK 10 per share.
The full announcement from Magnora, including details about the transaction and
application process, is available on Oslo Børs' news platform www.newsweb.no
under Magnora ASA.
Certain Magnora shareholders also being primary insiders of Hermana (and with
management/Board position in Hermana as stated below) intend to subscribe for
the following:
Erik Sneve, Chair of the Board: up to NOK 1,500,000
Hilde Ådland, Board member: up to NOK 200,000
Torstein Sanness, Board member: up to NOK 200,000
Stein Bjørnstad, CEO: up to NOK 100,000
Bård Olsen, CFO: up to NOK 150,000
Morten Strømgren, SVP: up to NOK 100,000
About Hermana:
Hermana Holding ASA is a royalty and investment company that provides financing
in exchange for revenue streams or ownership stakes. The company has been listed
on the main list of the Oslo Stock Exchange since June 2024. Hermana has
revenues from FPSO design rights previously owned by Sevan Marine ASA and
Magnora ASA. Hermana has low costs and a patient and ambitious approach to
capital allocation.