Magnora ASA

Remuneration Information • Aug 16, 2021

Magnora ASA: Grant of share options under share incentive scheme

Magnora ASA: Grant of share options under share incentive scheme

16.8.2021 20:00:01 CEST | Magnora ASA | Additional regulated information

required to be disclosed under the laws of a member state

16 August 2021: MAGNORA ASA awards share options to the EVP Legal and M&A.

EVP Legal and M&A, Bjørn Gisle Grønlie, has been granted 25,000 options with a

strike price of NOK 19.17, which gives him the rights to acquire 25,000

additional shares in the Company. Vesting period is 3 years, and the options

expire 5 years from vesting date. Mr. Grønlie holds no shares in Magnora ASA,

and holds 25,000 share options in Magnora ASA including the 25,000 options

mentioned above.

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) is a profitable renewable energy development company

looking for green investment opportunities. Magnora's portfolio of renewable

companies consists of Evolar AB, Helios Nordic Energy AB, Kustvind AB, Magnora

Offshore Wind AS, Vindr Group AS, and a South African SPV. 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/17847805/753/975/Download%20announcement%2

0as%20PDF.pdf