Mo i Rana, 27 May 2022: Rana Gruber ASA's Annual General Meeting resolved on 22
March 2022 to reduce the company's share capital by NOK 76,727 from NOK
9,348,000, through cancellation of 306,908 of the Company's own shares, each
with a nominal value of NOK 0.25.

The creditor notice period for the share capital reduction expired on 12 May
2022 with no objections received, and the share capital reduction has today been
registered in the Norwegian Register of Business Enterprises.

Following the share capital reduction, the share capital of Rana Gruber ASA is
NOK 9,271,273 divided into 37,085,092 shares, each with a nominal value of NOK
0.25.

This information is subject to the disclosure requirements set out in § 5-8 and
§ 5-12 of the Securities Trading Act.

Contact
CEO, Gunnar Moe
+47 941 47 650
Gunnar.moe@ranagruber.no 

CFO, Erlend Høyen
+47 902 02 741
Erlend.hoyen@ranagruber.no 

About Rana Gruber
Rana Gruber is a Norwegian iron ore producer established in 1964, with
operations based on more than 200 years of mining experience. The company's
products are based on natural mineral resources, which are processed and
exported to customers worldwide. Key customers include steel producers and
participants in the chemical industry. The company has about 300 employees and a
production capacity of 1.8 million metric tons of iron ore concentrates.


This stock exchange announcement was published by Vegard Nerdal, IR at Rana
Gruber ASA on 27 May 2022 at 13:40 CEST.

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