Lumi Gruppen AS – Outcome of accreditation process for Oslo Nye Høyskole

Oslo, 29. april 2026

Lumi Gruppen AS ("Lumi" or the "Company") refers to the ongoing process regarding institutional accreditation for Oslo Nye Høyskole AS ("ONH"), a wholly owned subsidiary of Lumi. The Board of NOKUT (the Norwegian Agency for Quality Assurance in Education) has today resolved not to grant ONH institutional accreditation. As stated in the H2 2025 report, the Company's financial ambitions for 2026/27 are not dependent on institutional accreditation. ONH has demonstrated consistent growth under its existing programme accreditations, and this foundation remains unchanged. Institutional accreditation would, however, expand ONH's addressable market and programme portfolio over time, and the Company intends to continue pursuing it. The Company is reviewing NOKUT’s basis for its decision and will revert with any material updates in accordance with its disclosure obligations.

Contact information:

Martin Prytz, CFO and Head of Investor Relations E-mail: IR@lumigruppen.no Mobile:+47 480 14 078 About Lumi:

Lumi Gruppen is a leading Norwegian education provider founded in 1989. Today, Lumi Gruppen consists of two main divisions: Oslo Nye Høyskole (ONH) and Sonans. ONH is a private university college established in 2007, with 80% of the students studying online, supplemented by a brand new, modern and well-equipped campus opened in 2025 located in central Oslo. ONH has grown revenues more than 15% per annum over the past 10 years reflecting its focus on fast growing areas of study demand delivered across a modern, accessible and flexible mix of channels. Sonans is Norway’s market leader in high school private candidate exam preparation courses, primarily to help former high school students achieve better exam results and/or complete their high school diploma to enter higher education.

This information is considered to constitute inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.