NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, INAUSTRALIA ,CANADA , THEHONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA,SOUTH AFRICA ,NEW ZEALAND ,JAPAN ORTHE UNITED STATES , OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL An extraordinary general meeting ofLumi Gruppen AS ("Lumi Gruppen" or the "Company") was held on 10:00 hours (CET) today on1 November 2023 . The fully underwritten rights issue in the Company to raise gross proceeds ofNOK 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. Thisstock exchange was published byMartin 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 inNorway 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.
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