Rana Gruber ASA - Disclosure of large shareholdings

Mo i Rana, 11 March 2026

Reference is made to the offer document dated 26 January 2026 issued by Drakkar Bidco AS in respect of the recommended voluntary cash tender offer (the "Offer") to acquire all issued and outstanding shares in Rana Gruber ASA (the "Company") for a cash consideration of NOK 79 per Share (the "Offer Price").

Reference is further made to the stock exchange announcements dated 11 March 2026, regarding the satisfaction of the "Minimum Acceptance" closing condition as set out in the offer document for the Offer.

At completion of the Offer, the following shareholders will cross below notifiable holdings thresholds set out in section 4-2 of the Norwegian Securities Trading Act, as specified below:

* Zolen & Månen AS' holding of shares and votes in the Company will decrease from 5.39% to 0%, and accordingly cross below the notifiable holdings threshold of 5%.

* Leonhard Nilsen & Sønner - Eiendom AS' holding of shares and votes in the Company will decrease from 9.16% to 0%, and accordingly cross below the notifiable holdings threshold of 5%.

About Rana Gruber ASA:

The Company 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 in Regulation EU 596/2014 (MAR) article 19 number 3 and sections 4-2 and 5-12 of the Norwegian Securities Trading Act.