Magnora ASA

Notice of Dividend Amount • Oct 15, 2024

Magnora ASA capital distribution

Magnora ASA capital distribution

15.10.2024 07:00:00 CEST | Magnora ASA | Additional regulated information

required to be disclosed under the laws of a member state

On 14 October 2024, Magnora's Board of Directors authorized a payment of 0.187

per share.

Since June 2023, Magnora's sound financial position and cashflow have allowed

for capital distribution. The size of the cash distribution will be considered

each quarter.

On 14 October, the Board of Directors held a board meeting to authorize cash

distribution. The Board authorized a payment of 0.187 per share. The cash

distribution is based on the Company's annual accounts for 2023 and

authorization from the AGM held on 23 April 2024. The cash distribution is a

repayment of paid-in capital in excess of the par value of the Magnora share.

The table below sets out the key dates for the dividend payment.

Dividend amount | NOK 0.187

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Last day including right | 17 October 2024

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Ex-date | 18 October 2024

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Record date | 21 October 2024

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Payment date | 23 October 2024

Magnora's substantial reserve of cash and extensive loan facilities remain

sufficient to invest in new growth opportunities and continue to grow our

business organically. Magnora will also continue to return capital from project

sales, farm-downs in key assets, and the receipt of milestone and earnout

payments.

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

ABOUT MAGNORA ASA

Magnora ASA (OSE: MGN) Magnora's portfolio of renewable companies consists of

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

AS, Magnora South Africa, and AGV. Magnora also has a share in the future

success of Helios Nordic Energy (Vinci Concessions), Evolar (First Solar), and

Hermana Holding (design royalties). 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/17847805/18279924/5106/Download%20announce

ment%20as%20PDF.pdf