Magnora ASA(MGN): Block sale of existing shares completed - ownership notification

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION IN WHICH
SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Oslo - 16 June 2021.

Reference is made to the stock exchange notice published on 15 June 2021
regarding a potential block sale of existing shares in Magnora ASA (the
"Company") by Kistefos AS (the "Seller").

The Seller has successfully sold 5,557,431 shares in the Company (equal to
approx. 9.74% of the Company's shares outstanding) at a price of NOK 18 per
share. Following the sale, the Seller holds no further shares in the Company.

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