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Magnora ASA

Major Shareholding Notification • Jun 19, 2020

3659_dirs_2020-06-19_7bbb3295-d939-4685-8be2-afcca3fdcf8a.html

Major Shareholding Notification

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Magnora ASA: Mandatory notification of trade

Ballista AS (“Ballista”), a company directly controlled by Erik Sneve has settled a forward agreement underlying 480,700 shares in Magnora ASA (“Magnora”) expiring June 19th, 2020 and subsequently entered into a new forward agreement underlying the same number of shares 480,700. New expiry date is September 18th, 2020 and new forward price is NOK 7.7973. Erik Sneve’s affiliated ownership through close family and other accounts is unchanged 544,919 shares equal to 1.04 percent of the issued shares and votes in the company. Ballista 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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The information in this announcement is subject to the disclosure requirements of the Norwegian Securities Trading Act section 5-12 and/or the Continuing Obligations of Oslo Børs.