Rana Gruber ASA: Rana Gruber Enters into Fixed Freight Rate Agreements

10 Apr 2025 10:24 CEST

For 2026, Rana Gruber has entered into fixed freight rate agreements of $19.7/mt
for 60,000 mt per month, totaling 720,000 mt for the year.

Rana Gruber is subject to fluctuations in the freight market through a deduction
of freight costs in the realized price of hematite products, and these positions
will help reduce the volatility in Rana Gruber's cash flow going forward.
Unrealized effects will be recognized in other financial gains/(losses) in the
P&L, and will be fully excluded in the adjusted EPS. See the appendix in our
financial reports for details on adjusted EPS.

For more information, please contact:
Gunnar Moe, Chief Executive Officer: +47 941 47 650
Erlend Høyen, Chief Financial Officer: +47 902 02 741

About Rana Gruber
Rana Gruber is a Norwegian iron ore producer established in 1964, with
operations based on more than 200 years of mining experience. The company's
products are based on natural mineral resources, which are processed and
exported to customers worldwide. Key customers include steel producers and
participants in the chemical industry. The company has about 370 employees and a
production capacity of 1.8 million metric tons of iron ore concentrates.

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