Magnora ASA

Director's Dealing • Sep 21, 2020

Magnora ASA: Mandatory notification of trade

Magnora ASA: Mandatory notification of trade

A company directly controlled by the Magnora ASA CEO, Erik Sneve, has settled a forward agreement underlying 480,700 shares in Magnora ASA (“Magnora”) expiring September 18th, 2020 and subsequently entered into a new forward agreement underlying the same number of shares 480,700. New expiry date is December 18th, 2020 and new forward price is NOK 20.3395. Mr. Sneve’s affiliated ownership through close family and other accounts is unchanged 574,919 shares equal to 1.09 percent of the issued shares and votes in the company, and Mr. Sneve’s company does not hold other shares or rights to shares in Magnora.

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.