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, 5 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 today, 5 May 2023 at
16:30 CET. At the expiry of the subscription period the Company has received
subscriptions for approximately 14 million shares in the Subsequent Offering.

The allocation of the Offer Shares will be resolved in accordance with the
allocation criteria set out in the prospectus dated 24 April 2023. The final
results of the Subsequent Offering will be published shortly thereafter, and
letters regarding allocation of Offer Shares and the corresponding subscription
amount to be paid by each eligible shareholder who has subscribed for Offer
Shares in the Subsequent Offering, will be distributed during the course of 8
May 2023.

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).