Magnora ASA: Investor presentation for a potential IPO of its data center business

18 May 2026 07:30 CEST

18.5.2026 07:30:01 CEST | Magnora ASA | Non-regulatory press releases

Reference is made to the stock exchange announcement published by Magnora ASA
(the "Company") on 29 April 2026 regarding the potential initial public offering
(the "IPO") of its data center business. The Company has today published an
investor presentation in connection with the contemplated IPO. The presentation
provides an overview of the data center business, strategic rationale for a
separate listing and the contemplated next steps.

Highlights from the contemplated transaction:

* Magnora Data Center ASA ("Magnora DC") is a wholly owned subsidiary of
Magnora ASA, and a separate listing on Euronext Growth Oslo is being
contemplated.
* In connection with the contemplated IPO, Magnora DC is considering
undertaking a private placement raising gross proceeds of minimum NOK 500
million.
* As previously communicated, Magnora ASA intends to continue investing and at
this stage remain a major shareholder in the data center business after the
IPO.
* Following the completion of the recently announced private placement, Magnora
ASA has initiated the final IPO preparation process and currently expects the
contemplated listing to be completed in Q2 2026, subject to market
conditions.
* Separate listing of Magnora Data Center ASA to provide investors with a
pure-play exposure to the strongly growing data center market, building
further on Magnora ASA's data center portfolio and organization.
* Public market access expected to enable new business opportunities and M&A,
also giving the Company the opportunity to use shares as currency.
* Use of proceeds: Development of currently secured projects, organization
development and acquisitions of further green- and brownfield projects.
* Arctic Securities AS has been engaged as Sole Global Coordinator and
Bookrunner (the "Manager"). Advokatfirmaet BAHR AS acts as legal advisor to
Magnora DC, and Advokatfirmaet Thommessen AS acts as legal advisor to the
Manager.

The investor presentation is available in a separate stock exchange announcement
by the Company this morning.

CONTACTS

* Erik Sneve, CEO, email: es at magnoraasa.com

ABOUT MAGNORA ASA

Magnora ASA (OSE: MGN) is a developer of data center, wind, solar, and battery
projects, as well as a data center operator. Magnora has operations in Europe
and Africa through the portfolio companies Magnora Data Center AS, Magnora Data
Center AB, Storespeed AS, Hafslund Magnora Sol AS, Magnora Offshore Wind AS,
Magnora Germany, Magnora Italy Srl., Magnora Solar PV UK, Magnora South Africa,
and AGV. Magnora also has earn-out revenues related to the former portfolio
companies Helios Nordic Energy and Evolar. Magnora is listed on the main list of
the Oslo Stock Exchange under the ticker MGN.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847805/18906915/10231/Download%20announc
ement%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

673651_Download announcement as PDF.pdf