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Regulatoriskt pressmeddelande

Magnora ASA: Repurchase of shares

Magnora
21.8.2023 07:00:00 CEST | Magnora ASA | Acquisition or disposal of the issuer's
own shares

Magnora ASA has on 17, and 18 August 2023 bought a total of 60,000 shares in
Magnora ASA at an average price of NOK 30.2545 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)
------------------------------------------------------------------------
17/8/23 | 30,000 | 30.3802 | 911,862
------------------------------------------------------------------------
18/8/23 | 30,000 | 30.1288 | 904,316
------------------------------------------------------------------------
Total | 60,000 | 30.2545 | 1,816,178

Magnora ASA now holds 1,070,854 of own shares after this trade, which
represents 1.6 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/17847805/2552/3556/Download%20announcement
%20as%20PDF.pdf
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