A company directly controlled by the Magnora ASA CEO, Erik Sneve, has settled a
forward agreement underlying 480,700 shares in Magnora ASA ("Magnora") and
subsequently entered into a new forward agreement underlying the same number of
shares 480,700. New expiry date is March 19th, 2021 and new forward price is NOK
27.3628. 

Mr. Sneve's affiliated ownership through close family and other accounts is
unchanged 629,919 shares equal to 1.20 percent of the issued shares and votes in
the company, and Mr. Sneve's company does not hold other shares or rights to
shares in Magnora.

Mr. Sneve also holds 450,000 share options in Magnora ASA.

* * * * * * * * * 

For further information, please contact:

Torstein Sanness, working chairman, sanness@sf-nett.no 
Erik Sneve, CEO, Magnora ASA, es@magnoraasa.com
   
About Magnora 

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

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