Rana Gruber ASA - Disclosure of large shareholdings

11 Mar 2026 16:31 CET

Mo i Rana, 11 March 2026

Reference is made to the offer document dated 26 January 2026 issued by Drakkar
Bidco AS in respect of the recommended voluntary cash tender offer (the "Offer")
to acquire all issued and outstanding shares in Rana Gruber ASA (the "Company")
for a cash consideration of NOK 79 per Share (the "Offer Price").

Reference is further made to the stock exchange announcements dated 11 March
2026, regarding the satisfaction of the "Minimum Acceptance" closing condition
as set out in the offer document for the Offer.

At completion of the Offer, the following shareholders will cross below
notifiable holdings thresholds set out in section 4-2 of the Norwegian
Securities Trading Act, as specified below:

* Zolen & Månen AS' holding of shares and votes in the Company will decrease
from 5.39% to 0%, and accordingly cross below the notifiable holdings threshold
of 5%.

* Leonhard Nilsen & Sønner - Eiendom AS' holding of shares and votes in the
Company will decrease from 9.16% to 0%, and accordingly cross below the
notifiable holdings threshold of 5%.

About Rana Gruber ASA:

The Company 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.

This information is subject to the disclosure requirements in Regulation EU
596/2014 (MAR) article 19 number 3 and sections 4-2 and 5-12 of the Norwegian
Securities Trading Act.

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