Rana Gruber ASA

Capital/Financing Update • Aug 13, 2025

Rana Gruber ASA - Rana Gruber enters iron ore swap contracts

Rana Gruber ASA - Rana Gruber enters iron ore swap contracts

Rana Gruber ASA has entered Iron Ore 62% Fe, CFR China (TSI) swap contracts.

Rana Gruber ASA has agreed to sell a total of 330.000mt in the period from August 2025 to March 2026.

Prices and volumes:

- 45.000 mt for August 2025 at an average price of 102.5 USD/mt

- 45.000 mt for September 2025 at an average price of 103.33 USD/mt

- 45.000 mt per month in Q4-25 at an average price of 102.5 USD/mt (total of 135.000mt)

- 45.000 mt per month for January 2026 and February 2026 at an average price of 102.5 USD/mt (total of 90.000mt)

- 15.000 mt for March 2026 at an average price of 102.5 USD/mt

The swap contracts relate to physical shipments in Q2-25 to Q4-25.

Final financial settlement of these shipments will relate to these swap contracts.

Total volume of iron ore swap contracts after today is:

August 2025: 60.000MT (avg. 103.4 USD/mt)

September 2025: 60.000MT (avg. 104.0 USD/mt)

Q4-25: 180.000MT (avg. 103.4 USD/mt)

Q1-26: 105.000MT (avg. 102.5 USD/mt)

Contact

CEO, Gunnar Moe

+47 941 47 650

Gunnar.moe@ranagruber.no

CFO, Erlend Høyen

+47 902 02 741

Erlend.hoyen@ranagruber.no

About Rana Gruber ASA

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.