Rana Gruber ASA: Disclosure of change in large shareholdings and trade by primary insiders

Risøyhamn, 9th of January 2024

Leonhard Nilsen og Sønner - Eiendom AS ("LNSE") has today 9th sold 2,000,000
shares in Rana Gruber ASA (the "Company"). Prior to the sale, LNSE owned
7,589,265 shares in the Company equalling 20.46% of the total share capital and
voting rights in the Company. Following the sale, LNSE has 5,589,265 shares
remaining in the Company equalling 15.1% of the total share capital and voting
rights. 

Frode Nilsen is the CEO of LNSE and has 100% ownership in Tuncomp AS,  which
owns 28,59% of the outstanding shares in LNSE.
 
LNSE has entered into a 180 day lock-up agreement for the remaining shares. 

The consideration will be used to finance a generational transition in LNSE. 

This notification is made public pursuant to section 4-2 of the Norwegian
Securities Trading Act.

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© Oslo Bors ASA, source Oslo Stock Exchange