Rana Gruber has today published the production update for the first quarter of
2025.

The production of iron ore concentrates for the first quarter reached 473.000
metric tons, in line with the production trend seen over the last year. Also,
the production of magnetite continued its strong trend, ending at 39.000 metric
tons, up from 24.000 metric tons last year. This is below fourth quarter as a
result of variations in the ore body. Going forward we still expect to increase
the magnetite share in our production.

Volume sold in the first quarter of hematite was 366.000 metric tons. This
corresponds to six shipments of approx. 60.000 metric tons. Final settlement of
these six shipments will be April (3) and May (3). One more shipment was planned
at the end of the first quarter, but this will be loaded in the second quarter
and will have the final settlement based on the average price in June (1).

See attachment for more information.

Rana Gruber ASA will present its first quarter results on 13 May at 08:00 CEST
via a webcast. The presentation and financial report will be published prior to
the presentation. 

About Rana Gruber
Rana Gruber is a Norwegian iron ore producer established in 1964, with
operations based on more than 200 years of mining experience. The company's
products are based on natural mineral resources, which are processed and
exported to customers worldwide. Key customers include steel producers and
participants in the chemical industry. The company has about 370 employees and a
production capacity of 1.8 million metric tons of iron ore concentrates.

Contact
CEO, Gunnar Moe, +47 941 47 650
Gunnar.moe@ranagruber.no 

CFO, Erlend Høyen, +47 902 02 741
Erlend.hoyen@ranagruber.no