Oslo, Norway ,21 December 2023 : Reference is made to the press release dated15th December 2023 whereHi Capital AS , a subsidiary ofHospitality Invest AS , acquired 20% ofLeonhard Nilsen & Sønner - Eiendom AS ("LNS"). LNS is one ofNorway's leading companies within tunnelling, mining and infrastructure and the largest shareholder inRana Gruber ASA with ~20.5% ownership of the outstanding shares. Through the acquisition of LNS,Hi Capital AS increased its direct and indirect ownership inRana Gruber ASA to ~10.1%. Consequently,Hi Capital AS has sold 1 100 000 shares inRana Gruber ASA , whereKristian A. Adolfsen is a board member and primary insider. The shares were sold at a price ofNOK 75.5 per share. After the transaction,Hi Capital AS holds 1 124 465 shares, totaling ~3% of the outstanding shares. Following both transactions,Hi Capital AS has thus increased its total direct and indirect ownership inRana Gruber from ~6.0% to ~7.13%. For further information, please contact:Roger Adolfsen (CEO): +47 98 22 25 00Kristoffer Lorck (CFO): +47 93 02 88 18
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