Magnora ASA

Director's Dealing • Sep 28, 2020

Magnora ASA: Mandatory notification of trade – Chairman, CEO, and CFO buys Magnora shares

Magnora ASA: Mandatory notification of trade – Chairman, CEO, and CFO buys Magnora shares

Torstein Sanness, Chairman of Magnora ASA, has purchased 30,000 shares in Magnora ASA (“Magnora”) right before close of the markets September 25th, 2020 at an average price of NOK 18.7905 per share.

Following this acquisition, Mr. Sanness controls 106,950 shares in Magnora ASA, which equals 0.2 percent of the issued shares and votes in the company.

Mr. Sanness also holds 450,000 share options in Magnora ASA.

Erik Sneve, CEO of Magnora ASA, has purchased 30,000 shares in Magnora ASA (“Magnora”) right before close of the markets September 25th, 2020 at an average price of NOK 18.7905 per share.

Mr. Sneve’s total ownership after this trade directly and through affiliated ownership through close family and other accounts is 604,919 shares, which equals 1.15 percent of the issued shares and votes in the company.

Mr. Sneve also holds 450,000 share options in Magnora ASA.

Bård Olsen, CFO of Magnora ASA, has purchased 1,000 shares in Magnora ASA (“Magnora”) right before close of the markets September 25th, 2020 at an average price of NOK 19.35 per share.

Following this acquisition, Mr. Olsen controls 21,000 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.