Magnora ASA

Share Issue/Capital Change • Apr 10, 2024

Magnora ASA: Cancellation of treasury shares

Magnora ASA: Cancellation of treasury shares

10.4.2024 16:10:15 CEST | Magnora ASA | Additional regulated information

required to be disclosed under the laws of a member state

The Extraordinary General Meeting of Magnora ASA on 19 February 2024 decided to

decrease the share capital by NOK 535,427, from NOK 33,411,339.50 to NOK

32,875,912.50, through the cancellation of 1,070,854 shares held in treasury by

the company, each with a nominal value of NOK 0.50.

The resolution was published by the Norwegian Register of Business Enterprises

on 19. February 2024, whereafter followed a six-week creditor notice period. The

creditor period has been completed without objections.

The share capital decrease was registered as completed with the Norwegian

Register of Business Enterprises today. The share capital after the capital

decrease amounts to NOK 32,875,912.50, divided into 65,751,825 shares, each with

a nominal value of NOK 0.50.

Please see the updated "Article of Associations" attached.

Following this cancellation of 1,070,854 shares held in treasury by the

company, the company owns a total of 0 treasury shares.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-8 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) invests in renewable energy development projects and

companies. Magnora's portfolio of renewable companies consists of Helios Nordic

Energy AB, Kustvind AB, Magnora Offshore Wind AS, Magnora Solar PV UK, Hafslund

Magnora Sol AS, Magnora South Africa, and AGV. In addition, Magnora has legacy

revenues from its previous design business and potential milestone payments from

the sale of Evolar AB (sold to First Solar Inc). 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/17847805/3010/4291/Download%20announcement

%20as%20PDF.pdf

Articles of Association Magnora ASA.pdf -

https://kommunikasjon.ntb.no/ir-files/17847805/3010/4290/Articles%20of%20Associa

tion%20Magnora%20ASA.pdf