Reference is made to the stock exchange notice from Lumi Gruppen AS ("Lumi
Gruppen" or the "Company") dated 16 April 2024 regarding the Company, as
borrower, and Lola Bidco AS, as lender, having agreed that the first repayment
instalment of a loan of NOK 26,000,000, plus accrued unpaid interest of NOK
1,932,430, in total NOK 27,932,430, would be converted into equity in the
Company, by way of the Company issuance of a total of 2,793,243 new shares (the
"Conversion Shares") to Lola Bidco AS.

The share capital increase pertaining to the issuance of the Conversion Shares
has now been registered with the Norwegian Register of Business Enterprises (Nw.
Foretaksregisteret). Following the registration, the Company's registered share
capital is NOK 24,374,563.92 divided into 58,034,676 shares, each with a nominal
value of NOK 0.42.

For more information, please contact:

Martin Prytz
CFO, Lumi Gruppen AS
Tel: +47 480 14 078 

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the Euronext Growth Rule Book
part II.

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.

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