Magnora ASA

Share Issue/Capital Change • Jun 14, 2024

Completion of spin-off demerger of Magnora's legacy business

Completion of spin-off demerger of Magnora's legacy business

14.6.2024 19:00:01 CEST | Magnora ASA | Additional regulated information

required to be disclosed under the laws of a member state

Reference is made to previous stock exchange announcements published by Magnora

ASA ("Magnora" or the "Company") regarding a spin-off demerger relating to a

subsequent listing on the Oslo Stock Exchange of Magnora's legacy business (the

"Listing").

The second demerger has today been registered as completed in the Norwegian

Register of Business Enterprises and 70% of the shares in Western Isles Holding

AS has been tranferred to Hermana Holding ASA ("Hermana") (the "Spin-Off

Demerger"). As a result of the Spin-Off Demerger, the share capital of the

Company was reduced by NOK 6,676,928.63. The new share capital of the Company is

now NOK 26,198,983.87. Upon registration of the Spin-Off Demerger in Euronext

Securities Oslo, shareholders in Magnora ASA will receive the same number of

shares as they held in Magnora in Hermana. The shares in Hermana are expected to

be tradeable on or about 18 June 2024, i.e. the first day of trading in Hermana

on the Oslo Stock Exchange.

Magnora's remaining 30% shareholding in Western Isles Holding AS will be

contributed as a contribution in-kind to Hermana today, and registered with the

Register of Business Enterprises as soon as possible. Following the contribution

in-kind, Magnora will be the owner of 30% of the shares in Hermana which in turn

is the owner of 100% of the shares in Western Isles Holding AS (being the owner

of the license busines).

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) has a legacy royalty business that is re-invested in

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

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

Offshore Wind AS, Magnora Solar PV UK, Hafslund Magnora Sol AS, Magnora South

Africa, and AGV. 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/17847805/18142181/4659/Download%20announce

ment%20as%20PDF.pdf