Magnora ASA — Director's Dealing 2021

May 20, 2021

Magnora ASA: Mandatory notification of trade – EVP Projects buys Magnora shares

Magnora ASA: Mandatory notification of trade – EVP Projects buys Magnora shares

Haakon Alfstad, EVP Projects of Magnora ASA, has purchased 5,000 shares in Magnora ASA (“Magnora”) today 20 May 2021 at an average price of NOK 18.80 per share.

Following this acquisition, Mr. Alfstad controls 47,755 shares in Magnora ASA, which equals 0.08 percent of the issued shares and votes in the company.

Haakon Alfstad also holds 200,000 share options in Magnora ASA.

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For further information, please contact:

Torstein Sanness, working chairman: sanness at sf-nett.no

Erik Sneve, CEO: es at magnoraasa.com

About Magnora

Magnora ASA (OSE: MGN) is a renewable energy development 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.