Rana Gruber ASA

Share Issue/Capital Change • May 27, 2022

Rana Gruber ASA completes share capital reduction

Rana Gruber ASA completes share capital reduction

Mo i Rana, 27 May 2022: Rana Gruber ASA's Annual General Meeting resolved on 22 March 2022 to reduce the company's share capital by NOK 76,727 from NOK 9,348,000, through cancellation of 306,908 of the Company's own shares, each with a nominal value of NOK 0.25.

The creditor notice period for the share capital reduction expired on 12 May 2022 with no objections received, and the share capital reduction has today been registered in the Norwegian Register of Business Enterprises.

Following the share capital reduction, the share capital of Rana Gruber ASA is NOK 9,271,273 divided into 37,085,092 shares, each with a nominal value of NOK 0.25.

This information is subject to the disclosure requirements set out in § 5-8 and § 5-12 of the Securities Trading Act.

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

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 300 employees and a production capacity of 1.8 million metric tons of iron ore concentrates.

This stock exchange announcement was published by Vegard Nerdal, IR at Rana Gruber ASA on 27 May 2022 at 13:40 CEST.