Rana Gruber ASA

Earnings Release • Aug 23, 2022

Rana Gruber ASA: Rana Gruber enters into fixed freight rates for the period Q4-22 to Q2-23

Rana Gruber ASA: Rana Gruber enters into fixed freight rates for the period Q4-22 to Q2-23

For the period Q4 2022 to Q2 2023 Rana Gruber has fixed freight rates at $22.5/mt for 300kmt per quarter (900kmt total).

Together with a strong portfolio of Iron ore swap contracts this ensure Rana Gruber a predictable and stable cash-flow in a volatile market.

For more information, please contact:

Gunnar Moe, Chief Executive Officer: +47 941 47 650

Erlend Høyen, Chief Financial Officer: +47 902 02 741

Rana Gruber in brief

Rana Gruber is a Norwegian iron ore producer and supplier established in 1964, with operations based on more than 200 years of mining experience. The Company's products are based on own natural mineral resources which are upgraded and tailored for applications and exported to its customers worldwide. Rana Gruber produces and sells iron ore concentrate, primarily serving steel producers and participants in the chemical industry. Rana Gruber also produces and sells micronised iron oxides and other dissemination of iron ore, and primarily serves paint manufactures and participants in the building- and automotive industries. Rana Gruber has about 300 employees and a production capacity of 1.8 million tons of iron ore concentrates and specialty products.