Disclosure of change in shareholding

17 Jun 2025 08:06 CEST

Refence is made to Magnora ASA (“Magnora”) on 16 June 2025 announcing sale of
all of Magnora’s 4,025,621 shares in Hermana Holding ASA (“Hermana”) to
shareholders of Magnora. The process was initiated after Magnora received an
unsolicited bid for its full shareholding in Hermana from a small group of
Magnora shareholders (the “Offering”) , whereafter Magnora and the bidding
investors agreed to launch an open bookbuilding process for a part of the
Offering at a fixed price of NOK 10 per Hermana share, equal to the bid price.
Later on 16 June 2025, Magnora announced that the transaction was successfully
completed.
As a result, Magnora’s owner share in Hermana has been reduced from 30% to zero.

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