Magnora ASA

AGM Information • Dec 18, 2018

Magnora ASA: Minutes of extraordinary general meeting. Torstein Sanness elected new Chairman

Magnora ASA: Minutes of extraordinary general meeting. Torstein Sanness elected new Chairman

An extraordinary general meeting in Magnora ASA was held today, 18 December 2018.

All items on the agenda were approved, including the proposal to make certain amendments to the company's objective as set out in the articles of association and to authorise the board to acquire the company's own shares with an aggregate par value of up to NOK 7,838,442, equivalent to approx. 10% of the total share capital.

Further, the following persons were elected to the company's board and nomination committee, respectively:

The board of directors:

 Torstein Sanness, chairman

 Hilde Ådland, board member

 John Hamilton, board member

The nomination committee:

 Fredrik Sneve, chair

 Tom Olav Holberg, member

 Kristoffer Andenæs, member

The minutes of the general meeting are attached to this notice.

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For further information, please contact:

Reese McNeel, CEO, Magnora ASA

reese.mcneel@magnoraasa.com

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