23 April 2024: Reference is made to the stock exchange announcement made by Lumi
Gruppen AS (the "Company") regarding the resolution by the Company's board of
directors to increase the share capital by issuance of new shares to Lola Bidco
AS ("Lola Bidco"), by conversion of loans outstanding under the unsecured
subordinated loan agreement between the Company and Lola Bidco.

Lola Bidco  has subscribed for 2,793,243 new shares in the Company at a price of
NOK 10.00 per share. Ashkan Senobari, member of the board of directors of the
Company, is also a member of the board of directors of Lola Bidco AS and Lola
Bidco AS is therefore his close associate. Please refer to the enclosed form for
further details about the transaction.

This  information is  subject to the disclosure  requirements in Regulation EU
596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities
Trading Act.