Lumi Gruppen: Notice of Annual General Meeting and Implementation of LTIP

22 Apr 2025 14:00 CEST

Oslo, 22 April 2024 – Lumi Gruppen AS (EGO: LUMI)

The annual general meeting of Lumi Gruppen AS (the "Company") will be held on
Tuesday 6 May 2025 at 10:00 (CEST).

Shareholders that wish to participate in the general meeting must register
participation within 2 May 2025 at 16:00 hours (CEST) through one of the two
procedures set out below: Electronically by accessing VPS Investor Services; or
By returning the registration form for attendance in Appendix 1 either as a
scanned copy by e-mail to nis@nordea.com or by regular mail to Nordea Bank Abp,
filial i Norge, Issuer Services, Postboks 1166 Sentrum, 0107 Oslo.

Shareholders not complying with the deadline for attendance will not be able to
participate at the annual general meeting.

Link for participation via Teams will be published on the Company’s website:
https://lumiinvestor.com/general-meeting/

Implementation of a new management incentive program:

In connection with the annual general meeting, the board of the Company has
resolved to establish a new long-term incentive plan for certain key employees
of the Company and its subsidiaries (the "LTIP"). Equity-based remuneration is
essential for the recruitment and retention of key employees, as well as
ensuring access to talent for the Company.

Subject to all conditions under the LTIP being met, the maximum number of new
shares in the Company that can be issued under the LTIP is 2,400,000 new shares.
The exercise price for converting the options awarded under the LTIP will be
determined by the Company's board of directors absolute discretion. In order to
implement the LTIP the board has proposed that the general meeting resolves to
grant an authorisation to the board to issue consideration shares under the
LTIP.

Contact information:

Martin Prytz, CFO and Head of Investor Relations
E-mail: IR@lumigruppen.no
Mobile:+47 480 14 078
About Lumi:

Lumi Gruppen is a leading Norwegian education provider founded in 1989. Today,
Lumi Gruppen consists of two main divisions: Oslo Nye Høyskole (ONH) and Sonans.
ONH is a private university college established in 2007, with 80% of the
students studying online, supplemented by a brand new, modern and well-equipped
campus opened in 2025 located in central Oslo. ONH has grown revenues more than
15% per annum over the past 10 years reflecting its focus on fast growing areas
of study demand delivered across a modern, accessible and flexible mix of
channels. Sonans is Norway’s market leader in high school private candidate exam
preparation courses, primarily to help former high school students achieve
better exam results and/or complete their high school diploma to enter higher
education.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

644067_Lumi Gruppen AS - Draft articles of association 06 05 2025.pdf
644067_Lumi Gruppen AS - Notice of AGM 2025_Distributed_220425.pdf