Rana Gruber ASA

Report Publication Announcement • Mar 21, 2024

RANA: Annual and ESG Report 2023

RANA: Annual and ESG Report 2023

The board of directors of Rana Gruber ASA has approved the financial statements and is proud to announce the publication of the annual report, which includes Rana Gruber's ESG report.

The past year was marked by significant achievements and advancements for Rana Gruber. Notably, the company produced 1.817 million metric tons of concentrate, setting a new record for production performance. Additionally, the efforts towards enhancing the iron content has been successful as the quality of the hematite concentrate is at an all-time high

Rana Gruber also continued the mission to contribute to the decarbonisation of the industry. For the fourth year in a row, the company’s direct and indirect greenhouse gas emissions per ton of produced iron ore have decreased.

Looking ahead, CEO Gunnar Moe expresses optimism for the future, "With a year of solid production trends and strategic advancements that promise higher returns for our products, we step into 2024 with confidence.

In 2023, our ability to pay out NOK 411.3 million in dividends, translating to NOK 11.1 per share to our shareholders, was a testament to our strong performance. We anticipate continuing to reward our shareholders with robust dividends in 2024, supported by our solid financial foundation and strategic initiatives."

Please find enclosed the annual report, including the ESG report, for 2023.

For more information, please contact:

CEO, Gunnar Moe

+47 94147650

Gunnar.moe@ranagruber.no

CFO, Erlend Høyen

+47 90202741

Erlend.hoyen@ranagruber.no

About Rana Gruber

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.

This information is subject to the disclosure requirements pursuant to Section

5-12 in the Norwegian Securities Trading Act.