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Magnora ASA

Major Shareholding Notification • Jun 16, 2021

3659_mrq_2021-06-16_e4bb8340-657c-49c5-9014-0a3b4821bbd6.html

Major Shareholding Notification

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Magnora ASA(MGN): Block sale of existing shares completed – ownership notification

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Oslo - 16 June 2021.

Reference is made to the stock exchange notice published on 15 June 2021 regarding a potential block sale of existing shares in Magnora ASA (the “Company”) by Kistefos AS (the “Seller”).

The Seller has successfully sold 5,557,431 shares in the Company (equal to approx. 9.74% of the Company’s shares outstanding) at a price of NOK 18 per share. Following the sale, the Seller holds no further shares in the Company.