Magnora ASA

Director's Dealing • Nov 16, 2020

Magnora ASA: Mandatory notification of trade – Head of Business Development & Strategy, Investment Director, and CFO buys Magnora shares

Magnora ASA: Mandatory notification of trade – Head of Business Development & Strategy, Investment Director, and CFO buys Magnora shares

Theis Hanang Pedersen, Head of Business Development & Strategy of Magnora ASA, has purchased 2,500 shares in Magnora ASA (“Magnora”) today November 16th, 2020 at an average price of NOK 21.00 per share.

Following this acquisition, Mr. Pedersen controls 8,800 shares in Magnora ASA, which equals 0.02 percent of the issued shares and votes in the company.

Theis Hanang Pedersen also holds 50,000 share options in Magnora ASA.

Haakon Alfstad, Investment Director of Magnora ASA, has purchased 5,000 shares in Magnora ASA (“Magnora”) today November 16th, 2020 at an average price of NOK 20.975 per share.

Following this acquisition, Mr. Alfstad controls 24,055 shares in Magnora ASA, which equals 0.05 percent of the issued shares and votes in the company.

Haakon Alfstad also holds 100,000 share options in Magnora ASA.

Bård Olsen, CFO of Magnora ASA, has purchased 1,000 shares in Magnora ASA (“Magnora”) today November 16th, 2020 at an average price of NOK 21.20 per share.

Following this acquisition, Mr. Olsen controls 22,000 shares in Magnora ASA, which equals 0.04 percent of the issued shares and votes in the company.

Mr. Olsen also holds 50,000 share options in Magnora ASA.

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For further information, please contact:

Torstein Sanness, working chairman, sanness@sf-nett.no

Erik Sneve, CEO, Magnora ASA, es@magnoraasa.com

About Magnora

Magnora ASA (OSE: MGN) is a renewable energy investment company looking for profitable green investment opportunities. The company is listed on the main list on Oslo Stock Exchange under the ticker MGN.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.