Magnora ASA

Director's Dealing • Nov 16, 2020

Magnora ASA: Mandatory notification of trade – CEO buys Magnora shares

Magnora ASA: Mandatory notification of trade – CEO buys Magnora shares

Erik Sneve, CEO of Magnora ASA, has purchased 25,000 shares in Magnora ASA (“Magnora”) today November 16th, 2020 at an average price of NOK 21.30 per share.

Mr. Sneve’s total ownership after this trade directly and through affiliated ownership through close family and other accounts is 629,919 shares, which equals 1.20 percent of the issued shares and votes in the company.

Mr. Sneve also holds 450,000 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.