Magnora ASA

Transaction in Own Shares • Jul 3, 2023

Magnora ASA: Repurchase of shares

Magnora ASA: Repurchase of shares

3.7.2023 07:00:00 CEST | Magnora ASA | Acquisition or disposal of the issuer's

own shares

With reference to Magnora ASA's stock exchange announcement from 9 June 2023,

Magnora ASA has on 26, 27, 28, 29, and 30 June 2023 bought a total of 274,030

shares in Magnora ASA at an average price of NOK 27.7132 per share.

The transactions are detailed in the table below:

Date | Aggregated daily | Weighted average share | Total daily

| volume (number of | price per day (NOK) | transaction value

| shares) | | (NOK)

------------------------------------------------------------------------

26/6/23 | 72,137 | 28.0532 | 2,023,673.83

------------------------------------------------------------------------

27/6/23 | 62,863 | 27.3304 | 1,718,068.67

------------------------------------------------------------------------

28/6/23 | 60,000 | 27.4178 | 1,645,066.08

------------------------------------------------------------------------

29/6/23 | 27,949 | 27.8350 | 777,959.69

------------------------------------------------------------------------

30/6/23 | 51,081 | 27.9845 | 1,429,477.57

------------------------------------------------------------------------

Total | 274,030 | 27.7132 | 7,594,245.85

Magnora ASA now holds 412 167 of own shares after this trade and after

distribution of 75 000 shares this week, for options exercised on 1 June 2023.

Magnora ASA now holds 0.62 percent of total shares outstanding.

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) invests 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. In addition, Magnora has legacy

revenues from its previous design business and potential milestone payments from

the sale of Evolar AB (sold to First Solar Inc). 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/17847805/2469/3420/Download%20announcement

%20as%20PDF.pdf