Share capital increase in relation to issuance of shares in Hermana to Magnora is registered

16 Jun 2024 15:47 CEST

Reference is made to previous stock exchange announcements published by Magnora
ASA regarding a spin-off demerger relating to a subsequent listing on the Oslo
Stock Exchange of Magnora's legacy business.

Magnora ASA’s remaining 30% shareholding in Western Isles Holding AS has now
been contributed as a contribution in-kind to Hermana Holding ASA ("Hermana").
As a result, the share capital of Hermana was increased by NOK
2,861,540.78340147 through the issuance of 28,179,353 new shares, each with a
par value of NOK 0.101547426706407. The new share capital of Hermana is NOK
9,538,469.41340147 divided into 93,931,178, each with a par value of
0.101547426706407.

Following the contribution in-kind, Magnora ASA is the owner of 30% of the
shares in Hermana Holding ASA which in turn is the owner of 100% of the shares
in Western Isles Holding AS (being the owner of the license businesS).


Erik Sneve, chairman of Hermana Holding ASA, email: es at magnoraasa.com

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