Magnora ASA - Remuneration Information 2021

Magnora ASA: Grant of share options under share incentive scheme

16.11.2021 00:59:55 CET | Magnora ASA | Additional regulated information

required to be disclosed under the laws of a member state

15 November 2021: MAGNORA ASA awards share options to the SVP Business

Development and VP Wind & Solar.

SVP Business Development, Trond Vileid Gärtner, has been granted 25,000 options

with a strike price of NOK 17.56, 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. Gärtner holds 4500 shares in Magnora ASA

and holds 25,000 share options in Magnora ASA including the 25,000 options

mentioned above.

VP Wind & Solar, Emilie Schjøtt Brackman, has been granted 25,000 options with

a strike price of NOK 17.56, which gives her 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. Ms. Brackman holds no shares in Magnora ASA,

and holds 25,000 share options in Magnora ASA including the 25,000 options

mentioned above

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

* Torstein Sanness, Executive chairman, email: sanness at sf-nett.no

ABOUT MAGNORA ASA

Magnora ASA (OSE: MGN) has a legacy royalty business that is re-invested in

renewable energy development projects and companies. Magnora's portfolio of

renewable companies consists of Evolar AB, Helios Nordic Energy AB, Kustvind AB,

Magnora Offshore Wind AS, Vindr Group AS, and a South African SPV. 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/17847805/975/1278/Download%20announcement%

20as%20PDF.pdf

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