Magnora ASA

Major Shareholding Notification • Mar 31, 2021

Major shareholding disclosure

Major shareholding disclosure

JPMorgan Chase & Co. ("JPMC ") has a notifiable interest in the share capital of Magnora ASA as a result of trades by its subsidiary J.P. Morgan Securities plc. The total number of shares held by JPMC on 30 March 2021 was 2,021,401 being 3.542% of the issued share capital and voting rights of the company. The equity holding in JPMC crossed notification threshold of 5% on 30 March 2021.

Breakdown by number of shares held:

J.P. Morgan Securities plc 2,001,881 (3.508%)

J.P. Morgan Securities LLC 19,515 (0.034%)

JPMorgan Chase Bank, National Association 5 (0.00001%)

Trades by J.P. Morgan Securities plc

Sale 1,067,892

CHAIN OF CONTROLLED UNDERTAKINGS

Relationship of JPMorgan JPMorgan Chase & Co. to subsidiaries involved in the disclosure

1. The following hierarchy shows the relationship JPMorgan Chase & Co. and its subsidiary J.P. Morgan Securities plc

JPMorgan Chase & Co.

JPMorgan Chase Bank, National Association (100%)

J.P. Morgan International Finance Limited (100%)

J.P. Morgan Capital Holdings Limited (100%)

J.P. Morgan Securities plc (100%)

2. The following hierarchy shows the place of JPMorgan Chase Bank, National Association within the JPMorgan group.

JPMorgan Chase & Co. JPMorgan Chase Bank, National Association (100%)

3. The following hierarchy shows the relationship JPMorgan Chase & Co. and its subsidiary J.P. Morgan Securities LLC

JPMorgan Chase & Co.

JPMorgan Chase Holdings LLC (100%)

J.P. Morgan Broker - Dealer Holdings Inc. (100%)

J.P. Morgan Securities LLC (100%)