NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, HONG
KONG, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.

Reference is made to the recommended voluntary cash offer to acquire all issued
and outstanding shares in Rana Gruber ASA (the "Company") by Drakkar BidCo AS
(the "Offeror") at NOK 79 per share on the terms and conditions set out in the
offer document dated 26 January 2026 (the "Offer Document") (the "Offer").
Reference is also made to the stock exchange announcement published on 24
February 2026 (the "Offer Extension Announcement") regarding extension of the
period where shareholders of the Company may accept the Offer (the "Offer
Period") that has been extended to 10 March 2026 at 16:30 CET. 

As of the expiry of the initial Offer Period at 16:30 CET on 24 February 2026,
and subject to customary verifications of acceptances received, the Offeror has
received acceptances from shareholders of the Company under the Offer for
31,322,231 shares, representing approximately 84.46% of the issued and
outstanding share capital and voting rights of the Company