Oslo, 11 December 2024: Lola Bidco AS, a close associate of the board member and
primary insider Ashkan Senobari, has today purchased 50,000 shares in Lumi
Gruppen AS at a price of NOK 13.00 per share. Following the transaction, Lola
Bidco AS owns 10,388,362 shares in Lumi Gruppen AS, equal to approximately
17.90% of the company's share capital, and together with its affiliate, Hanover
Active Equity Fund III SCA SICAV-RIAF, 30,892,574 shares, equal to approximately
53.23% 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: Sonans and Oslo Nye
Høyskole. Sonans is the market leader in Norway within private candidate exam
preparation courses, and Oslo Nye Høyskole offers high quality bachelor's
degrees within health, social sciences, psychology and business and
administration, both on campus and online.