Rana Gruber : End of stabilisation and exercise of greenshoe option

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Rana Gruber - End of stabilisation and exercise of greenshoe option

Oslo, 26 March 2021: Reference is made to the announcement on 26 February 2021
regarding potential stabilisation activities in respect of the shares in Rana
Gruber AS ("Rana Gruber" or the "Company") in connection with a secondary sale
of shares in the Company (the "Offering") and admission of the Company's shares
on Euronext Growth Oslo (the "Listing").

DNB Markets, a part of DNB Bank ASA ("DNB Markets"), acting as stabilisation
manager in connection with the Offering, hereby gives notice that the
stabilisation period initiated on 26 February 2021 has been discontinued. No
stabilisation transactions have been undertaken. 

In order to permit the redelivery of shares in the Company which were borrowed
and over-allotted in the Offering, DNB Markets has today, 26 March 2021,
exercised its option to purchase from LNS Mining AS ("LNSM") 1,869,600 shares
which were borrowed and over-allotted in the Offering, at the offer price of NOK
49.50 per Offer Share (the "Offer Price"). As a consequence of the above, LNSM
will today sell 1,869,600 shares at the Offer Price and retain a shareholding of
18,696,000 shares, equivalent to 50% of the shares in the Company.
 
Clarksons Platou Securities AS, DNB Markets, a part of DNB Bank ASA, and
SpareBank 1 Markets AS (the "Managers") acted as Joint Global Coordinators and
Joint Bookrunners in connection with the Offering. Advokatfirmaet Wiersholm AS
acted as legal advisor to LNSM and Rana Gruber AS, while Wikborg Rein
Advokatfirma AS acted as legal advisor to the Managers. First House AS acted as
communication and IR advisor to Rana Gruber AS.

For further information, please contact:
DNB Markets, a part of DNB Bank ASA
Aksel Hjall Thue
Tel: [phone]

The information is such that Rana Gruber is required to disclose in accordance
with the EU Market Abuse Regulation. The information was submitted for
publication from the Company and the contact person set out above, at 16:30 CET
on 26 March 2021.
Important notice: 
This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of the Company. Copies of
this announcement are not being made and may not be distributed or sent into any
jurisdiction in which such distribution would be unlawful or would require
registration or other measures. 
The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
The Company does not intend to register any part of the Offering in the United
States or to conduct a public offering of securities in the United States. Any
sale in the United States of the securities mentioned in this announcement will
be made solely to "qualified institutional buyers" as defined in Rule 144A under
the Securities Act. 
In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
Prospectus Regulation, i.e., only to investors who can receive the offer without
an approved prospectus in such EEA Member State. The expression "Prospectus
Regulation" means Regulation (EU) 2017/1129 as amended (together with any
applicable implementing measures in any Member State. 
This communication is only being distributed to and is only directed at persons
in the United Kingdom that are (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities,
and other persons to whom this announcement may lawfully be communicated,
falling within Article 49(2)(a) to (d) of the Order (all such persons together
being referred to as "relevant persons"). This communication must not be acted
on or relied on by persons who are not relevant persons. Any investment or
investment activity to which this communication relates is available only for
relevant persons and will be engaged in only with relevant persons. Persons
distributing this communication must satisfy themselves that it is lawful to do
so. 
Matters discussed in this announcement may constitute forward-looking
statements. Forwardlooking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect", "anticipate",
"strategy", "intends", "estimate", "will", "may", "continue", "should" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believe that these assumptions were reasonable
when made, these assumptions are inherently subject to significant known and
unknown risks, uncertainties, contingencies and other 
important factors which are difficult or impossible to predict, and are beyond
their control. Actual events may differ significantly from any anticipated
development due to a number of factors, including without limitation, changes in
commodity prices, currency exchange rate fluctuations, changes in the general
economic, political and market conditions in the markets in which the Company
operates, the Company's ability to attract, retain and motivate qualified
personnel and changes in laws and regulation and the potential impact of legal
proceedings and actions. Such risks, uncertainties, contingencies and other
important factors could cause actual events to differ materially from the
expectations expressed or implied in this release by such forward-looking
statements. The Company does not make any guarantee that the assumptions
underlying the forward-looking statements in this announcement are free from
errors nor does it accept any responsibility for the future accuracy of the
opinions expressed in this announcement or any obligation to update or revise
the statements in this announcement to reflect subsequent events. You should not
place undue reliance on the forward-looking statements in this announcement.  
The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice. The Company does not undertake any obligation to review, update,
confirm, or to release publicly any revisions to any forward-looking statements
to reflect events that occur or circumstances that arise in relation to the
content of this announcement. 
Neither the Managers nor any of their affiliates makes any representation as to
the accuracy or completeness of this announcement and none of them accepts any
responsibility for the contents of this announcement or any matters referred to
herein. 
This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company. Neither the
Managers nor any of its affiliates accepts any liability arising from the use of
this announcement. 
The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe any such restrictions.

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