NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S
REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN OR THE UNITED STATES, OR ANY
OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL

Reference is made to the stock exchange announcement made by Lumi Gruppen AS
(the "Company") on 16 October 2023 regarding the fully underwritten rights issue
of approx. NOK 53 million (the "Rights Issue").

The Company hereby calls for an extraordinary general meeting (the "EGM") to be
held on Wednesday 1 November at 10:00 hours (CET) to resolve on (i) the Rights
Issue and (ii) election of new board of directors. 

As the date of the EGM has been changed to 1 November 2023, the key dates for
the Rights Issue have been adjusted accordingly:

o	1 November: Extraordinary General Meeting
o	2 November: Shares trading exclusive Subscription Rights
o	3 November: Record Date - VPS showing shareholders as per close of trading on
1 November eligible to receive Subscription Rights
o	6-20 November: Subscription Period
o	6-15 November: Trading in Subscription Rights

As previously announced, Lola Bidco AS (the "Underwriter"), holding approx. 50.7
per cent of the shares in the Company, has, subject to customary conditions,
pre-committed to subscribe for a portion of the Rights Issue based on its
current shareholding and to underwrite the remaining part of the Rights Issue,
in full securing the gross proceeds of the Rights Issue. The Underwriter has
also given a voting undertaking to vote in favour of the Rights Issue at the
EGM. 

The aggregate number of shareholders that have given voting undertakings or
confirmed their intention to vote in favour at the EGM has been adjusted from
approx. 64 per cent to 50.7 per cent as certain shareholders have indicated that
they will withdraw their support of the Rights Issue. 

The name of the new board of directors will be announced through a stock
exchange announcement in advance of the EGM and be reflected in the final
proposed resolution to be voted on at the EGM. Votes and voting instructions
cast at or in advance of the EGM will thus apply for the final proposed
resolutions. 

The notice and agenda of the EGM is attached to this stock exchange
announcement, and will also be made available on the Company's webpage: 
https://lumiinvestor.com/general-meeting/

To join the EGM via Teams: https://bit.ly/3QlvRvj


For further information please contact:

Martin Prytz, CFO and Head of Investor Relations
E-mail: IR@lumigruppen.no
Mobile: +47 480 14 078


This stock exchange was published by Martin Prytz on the time and date provided.


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 degrees
within health, social sciences psychology and business and administration, both
on campus and online.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange