Magnora ASA: Guidance 2023

14 Feb 2023 08:49 CET

14.2.2023 08:49:30 CET | Magnora ASA | Non-regulatory press releases

14 February 2023: Magnora, a Norwegian renewable energy development company,
update its guidance for 2023.

Magnora expects to sell projects in the range of 200-325 MW in 2023.

The price expected has previously been guided to be 500.000 NOK/MW - 1.500.000
NOK/MW in (excluding CMA and TCMA contracts.)

Our new guidance does not have an upper limit of 1.500.000 NOK/MW, so the new
guidance is from 500.000 NOK/MW to higher than 1.500.000 NOK/MW.

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) has a legacy royalty business that is re-invested in
renewable energy development projects and companies. Magnora's portfolio of
renewable companies consists of Evolar AB, 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/17847805/2105/2825/Download%20announcement
%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

582311_en_Download announcement as PDF.pdf