Magnora ASA

Remuneration Information • Sep 11, 2020

Magnora ASA: Grant of share options under share incentive scheme

Magnora ASA: Grant of share options under share incentive scheme

Oslo, Norway, 11 September 2020: MAGNORA ASA, a leading Norwegian renewable energy investment company awards share options.

Head of Business Development and Strategy, Theis Hanang Pedersen, has been granted 25,000 options with a strike price of NOK 11.53, which gives him the rights to acquire 25,000 additional shares in the Company. Vesting period is 3 years, and the options expire 5 years from vesting date. Mr. Pedersen holds 3,800 shares in Magnora ASA, which equals 0.01 percent of the issued shares and votes in the Company. Mr. Pedersen holds 50,000 share options in Magnora ASA including the 25,000 options mentioned above.

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For further information, please contact:

Torstein Sanness, working chairman, sanness@sf-nett.no

Erik Sneve, CEO, Magnora ASA, es@magnoraasa.com

About Magnora

Magnora ASA (OSE: MGN) is a renewable energy investment company looking for profitable green investment opportunities. The company is listed on the main list on Oslo Stock Exchange under the ticker MGN. ASA is a royalty company

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