Oslo, 9 July 2025: On 9 July 2025, Lola Bidco AS, a close associate of the board
member and primary insider Ashkan Senobari, purchased a total of 758,815 shares
in Lumi Gruppen AS, at a price of NOK 15.25. Following the transaction, Lola
Bidco AS owns 14,395,758 shares in Lumi Gruppen AS, equal to approximately
24.81% of the company's share capital, and together with its affiliate, Hanover
Active Equity Fund III SCA SICAV-RIAF, 34,899,970 shares, equal to approximately
60.14% of the company's share capital.
Please see the enclosed form for further details about the transaction.
This information is subject to the disclosure requirements in Regulation EU
596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities
Trading Act.
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.