Notifiable transaction by close associate to primary insider

Cerebrum Invest AS, a company which is wholly owned by Ragnhild Wiborg who is a member of the board of directors of Rana Gruber AS (the "Company"), has today purchased 3.000 shares in the Company at a price of NOK 45.92 per share. Cerebrum Invest AS is considered as a close associate to Ragnhild Wiborg.

Following the transaction, Cerebrum Invest AS owns a total of 3.000 shares in the Company.

Please see the attached document for further details of the transaction.

This announcement is subject to the notification requirement set out in Article 19 of the EU Market Abuse Regulation.