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Magnora ASA

Major Shareholding Notification May 9, 2018

3659_mrq_2018-05-09_f4e9a279-a967-47b2-95b5-b9228c100436.html

Major Shareholding Notification

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Disclosure of large shareholdings - proxies received in connection with AGM

Disclosure of large shareholdings - proxies received in connection with AGM

Mr. Gunerius Pettersen has of today received proxies without voting instructions for 3.176.995 shares at the annual general meeting of Sevan Marine ASA on 24 May 2018 (the "AGM"), representing approx. 6,04% of the total number of shares and votes in the company.

In addition, Mr. Gunerius Pettersen holds 518.530 shares in Sevan Marine ASA, representing approx. 1,0% of the total number of shares and votes in the company. Accordingly, Mr. Gunerius Pettersen controls or through proxies has discretion to vote for 3.695.525 shares at the AGM, representing approx. 7,02% of the total number of shares and votes in Sevan Marine ASA. The proxies are only valid for the AGM and will lapse immediately thereafter.

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

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