Magnora ASA

Notice of Dividend Amount • Oct 23, 2018

Magnora ASA: Shares trade ex-distributions today (dividend and share capital reductions) and ex-date for Teekay Offering

Magnora ASA: Shares trade ex-distributions today (dividend and share capital reductions) and ex-date for Teekay Offering

Reference is made to the stock exchange notice published on 21 September 2018 regarding key date information about the Extraordinary Dividend (NOK 6.00 per share), the Share Capital Reduction No. 1 (NOK 0.50 per share) and the Share Capital Reduction No. 2 (NOK 2.00 per share) (all terms defined therein).

The shares in Magnora ASA will trade ex-distribution of a total of NOK 8.50 per share as from today, 23 October 2018.

Further, the ex-date with respect to the right to participate in the Teekay Offering is today. For key information relating to the Teekay Offering, please refer to the stock exchange notice published on 19 October 2018.

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For further information, please contact:

Reese McNeel, CEO, Magnora ASA

reese.mcneel@magnoraasa.com

+47 415 08 186

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