NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S
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UNLAWFUL

An extraordinary general meeting of Lumi Gruppen AS ("Lumi Gruppen" or the
"Company") was held on 10:00 hours (CET) today on 1 November 2023. 

The fully underwritten rights issue in the Company to raise gross proceeds of
NOK 53 million (the "Rights Issue") was not resolved as it did not receive
sufficient votes in favour at the general meeting to fulfil the 2/3 majority
approval as required to be approved. Consequently, the Rights Issue has been
cancelled. Further announcement on this matter will be made in due course. 

In accordance with the alternative proposal presented at the general meeting,
the general meeting resolved the following composition for the board of
directors of the Company:

	-Helge Midtun (chairman)
	-Bente Sollid Storehaug (board member) 
	-Ashkan Senobari (board member)
	-Giles Smyth (board member)
	-Fred Lundqvist (board member)

Anne Dahle remains the employee's elected representative on the board of
directors. 

Please see attached a copy of the minutes from the extraordinary general
meeting. 

For further information please contact:

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


This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. 

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 candiate exam
preparation courses, and Oslo Nye Høyskole offers high quality bacheloræs
degrees within health, social sciences psycoloy and business and administration,
both on campus and online.

Click here for more information

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