Magnora ASA

Remuneration Information • Jun 2, 2021

Magnora ASA: Grant of share options under share incentive scheme

Magnora ASA: Grant of share options under share incentive scheme

2 June 2021: MAGNORA ASA awards share options to the CEO.

CEO, Erik Sneve, has been granted 100,000 options with a strike price of NOK 25.68, which gives him the rights to acquire 100,000 additional shares in the Company.

Vesting period is 3 years, and the options expire 5 years from vesting date.

Mr. Sneve’s total ownership directly and through affiliated ownership through close family and other accounts is 667,319 shares, which equal to 1.17 percent of the issued shares and votes in the Company.

Mr. Sneve holds 550,000 share options in Magnora ASA including the 100,000 options mentioned above.

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For further information, please contact:

Torstein Sanness, Executive Chairman, sanness at sf-nett.no

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

About Magnora

Magnora ASA (OSE: MGN) is a profitable renewable energy development company looking for green investment opportunities. 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.

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