NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE
UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER
OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Oslo, 9 May 2023: Reference is made to the stock exchange notice from Lumi
Gruppen AS ("Lumi" or the "Company") on 24 April 2023 regarding the launch of a
subsequent offering of up to 2,380,952 new shares (the "Offer Shares") in the
Company (the "Subsequent Offering") at a subscription price of NOK 10.50 per
share (the "Offer Price").

The subscription period for the Subsequent Offering ended on Friday 5 May 2023
at 16:30 CET. By the end of the subscription period, the Company had received
valid subscriptions for 14,410,655 Offer Shares in the Subsequent Offering. The
board of the Company has today resolved that a total of 2,380,952 Offer Shares
will be allocated at the Offer Price in accordance with the allocation criteria
set out in registration prospectus, raising gross proceeds of NOK 24,999,996.

Notifications of allocated Offer Shares in the Subsequent Offering and the
corresponding amount to be paid by each subscriber will be sent out in a
separate letter to each subscriber. Investors that are allocated Offer Shares
can access information to the number of Offer Shares allocated through VPS on 8
May 2023. The due date for payment of the Offer Shares is on 9 May 2023.

Subject to duly and timely payment of the Offer Shares by the subscribers, the
share capital increase pertaining to the Offer Shares is expected to be
registered in the Norwegian Register of Business Enterprises on or about 10 May
2023 and will be delivered to the VPS accounts of the subscribers shortly
thereafter. The Offer Shares will have equal rights and rank pari passu with the
Company's other shares.

ABG Sundal Collier ASA and Nordea Bank Abp, filial i Norge are acting as joint
bookrunners for the Subsequent Offering. Advokatfirmaet Haavind AS is acting as
legal counsel to Lumi.

For further information, please contact: 
Martin Prytz
CFO, Lumi Gruppen AS
Tel: +47 480 14 078 
Email: IR@lumigruppen.no

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 candidate exam
preparation courses, and Oslo Nye Høyskole offers high quality bachelor's
degrees within health, social sciences, psychology and business and
administration, both on campus and online. 

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