Notification of trade

Ballista AS (“Ballista”), a company directly controlled by Erik Sneve has settled a forward agreement underlying 480,700 shares in Magnora ASA (“Magnora”) expiring July 19th, 2019 and subsequently entered into a new forward agreement underlying the same number of shares 480,700. New expiry date is January 17th 2020 and new forward price is NOK 6.8264. Erik Sneve’s affiliated ownership through close family and other accounts is unchanged 534,919 shares equal to 1.02 percent of the issued shares and votes in the company. Ballista does not hold other shares or rights to shares in Magnora.