Rana Gruber ASA - Independent statement related to the voluntary cash offer by Drakkar BidCo AS for the shares in Rana Gruber ASA

Mo i Rana, 26 January 2026.

Reference is made to announcement by the Norwegian Financial Supervisory Authority on 26 January 2026 that it has approved the offer document for the recommended voluntary cash offer (the "Offer") by Drakkar BidCo AS (the "Offeror") to acquire all issued and outstanding shares of Rana Gruber ASA ("Rana Gruber" or the "Company") (the "Shares") for a cash consideration of NOK 79 per Share.

Pursuant to section 6-16 of the Norwegian Securities Trading Act, the Board of Directors of Rana Gruber shall provide a statement on the Offer. The Financial Supervisory Authority of Norway, in its capacity as take-over supervisory authority, has decided that the statement on the Offer shall be issued by an independent expert and not by the Board of Directors of the Company, and that such statement can be issued by SB1 Markets AS ("SB1M") on behalf of Rana Gruber, ref. section 6-16 of the Norwegian Securities Trading Act.

The statement by SB1M is attached to this announcement.

The recommendation from the Board of Directors of Rana Gruber, which is not the statement provided under section 6-16 of the Norwegian Securities Trading Act, is also attached to this announcement.

For further information, contact: Gunnar Moe, CEO of Rana Gruber Telephone: +47 941 47 650 E-mail: gunnar.moe@ranagruber.no

Mats Samdahl Weltz, Salto Advisers AS Telephone: +47 950 46 330 E-mail: msw@saltoadvisers.no

About Rana Gruber:

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 pursuant to section 5-12 the Norwegian Securities Trading Act.