Rana Gruber ASA

M&A Activity • Dec 13, 2021

Completed merger of Rana Gruber AS and Rana Gruber Mineral

Completed merger of Rana Gruber AS and Rana Gruber Mineral

In a stock exchange announcement 12 October 2021 the company presented the decision to merge Rana Gruber Mineral AS and Rana Gruber AS.

The merger process is now completed.

Rana Gruber Mineral AS was a wholly owned subsidiary of Rana Gruber AS. The purpose of the merger is to simplify the company structure. For the individual shareholder in Rana Gruber AS, the merger will have no practical or legal significance.

For more information, please contact:

CEO, Gunnar Moe

+47 94147650

Gunnar.moe@ranagruber.no

CFO, Erlend Høyen

+47 90202741

Erlend.hoyen@ranagruber.no

Rana Gruber in brief:

Rana Gruber is a Norwegian sustainable 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. The subsidiary Rana Gruber Mineral AS produces and sells micronized 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 metric tons of iron ore concentrates and specialty products.