Magnora ASA

Earnings Release • Feb 14, 2023

Magnora ASA: Guidance 2023

Magnora ASA: Guidance 2023

14.2.2023 08:49:30 CET | Magnora ASA | Non-regulatory press releases

14 February 2023: Magnora, a Norwegian renewable energy development company,

update its guidance for 2023.

Magnora expects to sell projects in the range of 200-325 MW in 2023.

The price expected has previously been guided to be 500.000 NOK/MW - 1.500.000

NOK/MW in (excluding CMA and TCMA contracts.)

Our new guidance does not have an upper limit of 1.500.000 NOK/MW, so the new

guidance is from 500.000 NOK/MW to higher than 1.500.000 NOK/MW.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Erik Sneve, CEO, email: es at magnoraasa.com

* Torstein Sanness, Executive chairman, email: sanness at sf-nett.no

ABOUT MAGNORA ASA

Magnora ASA (OSE: MGN) has a legacy royalty business that is re-invested in

renewable energy development projects and companies. Magnora's portfolio of

renewable companies consists of Evolar AB, Helios Nordic Energy AB, Kustvind AB,

Magnora Offshore Wind AS, Magnora Solar PV UK, Hafslund Magnora Sol AS, Magnora

South Africa, and AGV. The company is listed on the main list on Oslo Stock

Exchange under the ticker MGN.

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847805/2105/2825/Download%20announcement

%20as%20PDF.pdf