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Regulatory press release

Magnora ASA: Mandatory notification of voting rights

Magnora
23.4.2025 15:57:36 CEST | Magnora ASA | Major shareholding notifications

In connection with the Annual General Meeting scheduled for 29 April 2025 (the
"AGM"), the chairman of the Board of Directors, Torstein Sanness, has received
proxies without voting instructions representing 7,130,334 shares and votes,
equal to 10.84% 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
678,194 shares and votes which, together with received proxies, means that Mr.
Sanness controls 7,808,528 shares and votes, equal to 11.87%, at the AGM.
Consequently, the 10% 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, Chairman of the Board, email: sanness at sf-nett.no

ABOUT MAGNORA ASA

Magnora ASA (OSE: MGN) is a renewable-energy group developing wind, solar and
battery storage projects. Magnora has operations in Europe and Africa through
the portfolio companies Hafslund Magnora Sol AS, Magnora Offshore Wind AS,
Emernor GmbH, Magnora Italy Srl, Magnora Solar PV UK, Magnora South Africa, and
AGV. Magnora also has earn-out revenues related to the former portfolio
companies Helios Nordic Energy and Evolar, and a financial ownership in Hermana
Holding. Magnora is listed on the main list of the Oslo Stock Exchange under the
ticker MGN.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847805/18502009/5965/Download%20announce
ment%20as%20PDF.pdf
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