31 August 2023: Reference is made to the announcement made on 15 August 2023 by
Lumi Gruppen regarding the amendment of bank financing terms as result of the
change of control event. 

The company has together with its bank agreed to extend the Longstop Date from
31 August 2023 to 30 September 2023. 

The Company is now with this extension obliged to agree on new financing terms
no later than 30 September 2023. The Company expects to announce any key changes
to the bank financing agreements' terms and margins prior to this date. Should
an agreement not be forthcoming, a non-compliance fee of 2.00% of total
commitments (amounting to approx. NOK 7,800,000) will be due and the terms of
the existing bank financing agreement will prevail.  

For further queries, please contact: 

Martin Prytz, CFO and Head of Investor Relations 
E-mail: IR@lumigruppen.no 
Mobile: +47 480 14 078 

About Lumi | https://lumiinvestor.com/ 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.