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.

Reference is made to the stock exchange notice from Lumi Gruppen AS ("Lumi" or
the "Company") on 8 March 2023 with key information in relation to a subsequent
offering (the "Subsequent Offering") of up to 2,380,952 new shares (the "Offer
Shares") at a subscription price of NOK 10.50 per share (the "Offer Price"). The
Offer Price is equal to the offer price in the private placement of new shares
that was successfully placed on 7 March 2023 (the "Private Placement").

Reference is further made to the stock exchange notice from the Company today,
24 April 2023, regarding an offer presented by Lola Bidco AS, a wholly-owned
subsidiary of Hanover Active Equity Fund III SCA SICAV RAIF, advised by Hanover
Investors Management LLP, to acquire all outstanding shares in Lumi at an offer
price of NOK 15.25 per share (the "Tender Offer").

The Company has resolved to proceed with the Subsequent Offering, which may
raise total gross proceeds of up to NOK 24,999,996. The Subsequent Offering will
be directed towards existing shareholders in the Company as of the end of
trading on 7 March 2023, as registered in Euronext Securities Oslo ("VPS") on 9
March 2023 (the "Record Date"), who (i) were not allocated offer shares in the
Private Placement, (ii) were not contacted during market sounding ahead of
announcement of the Private Placement, and (iii) are not resident in a
jurisdiction where such offering would be unlawful or, would (in jurisdictions
other than Norway) require any prospectus, filing, registration or similar
action (the "Eligible Shareholders").

Each Eligible Shareholder will be granted 0.24 subscription rights for each
existing share registered as held by such Eligible Shareholder as of the Record
Date. Each subscription right will give the right to subscribe for, and be
allocated, one (1) share in the Subsequent Offering. Over-subscription is
permitted, but the Subsequent Offering is limited to 2,380,952 shares.
Subscription without subscription rights is not permitted.

The subscription period for the Subsequent Offering commences on 24 April 2023
at [12:00] CET and ends on 5 May 2023 at 16:30 CET (the "Subscription Period").

Shares subscribed for and issued in the Subsequent Offering will be eligible for
acceptance under the Tender Offer. 
The Company, in consultation with the Managers (as defined below), reserves the
right to extend the Subscription Period for the Subsequent Offering at any time
and without any prior written notice and at its sole discretion.
The terms and conditions for the Subsequent Offering are set out in a national
prospectus prepared by the Company in accordance with the rules in the
Securities Trading Act chapter 7 (the "Prospectus"). The Prospectus is available
at the Managers' websites: 

ABG Sundal Collier ASA: www.abgsc.com
Nordea Bank Abp, filial i Norge: www.nordea.com/en/lumi

Subscription shall primarily be made through the VPS online subscription system.
Eligible Shareholders who are not able to use the VPS online subscription
system, may subscribe by correctly completing and signing an application form
(attached to the Prospectus), and delivering the same to one of the Managers (by
mail or email) as set out in the application form.

Subscription rights that are not used to subscribe for Offer Shares before the
expiry of the Subscription Period will have no value and will lapse without
compensation to the holder.
The due date for payment of the Offer Shares is expected to be on 9 May 2023.
The Offer Shares will, after registration of the share capital increase in the
Norwegian Register of Business Enterprises pertaining to the Offer Shares, be
registered in the VPS in book-entry form and are expected to be delivered to the
applicant's VPS account on or about 10 May 2023. The Offer Shares will have
equal rights and rank pari passu with the Company's other shares.

Completion of the Subsequent Offering is subject to (i) all necessary corporate
resolutions being validly made by the Company, including the board of directors
resolving to consummate the Subsequent Offering and issue and allocate the Offer
Shares based on the authorization granted by the extraordinary general meeting
of the Company held on 16 March 2023, and (ii) registration of the share capital
increase pertaining to the Subsequent Offering with the Norwegian Register of
Business Enterprises and delivery of the Offer Shares to the subscribers in the
VPS.
ABG Sundal Collier ASA and Nordea Bank Abp, filial i Norge are acting as joint
bookrunners for the Subsequent Offering (the "Managers"). 

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).