Rana Gruber ASA has entered into Iron Ore 62% Fe, CFR China (TSI) swap contracts. Rana Gruber ASA has agreed to sell a total of 180.000mt in Second Quarter-24 and Third Quarter-24. Prices and volumes: - 20.000 mt per month in Second Quarter-24 at an average price of 124.6 USD/mt.

- 40.000 mt per month in third quarter of 24 at an average price of 120.1 USD/mt. The swap contracts relate to physical shipments in First Quarter-24 and Second Quarter-24. Final financial settlement of these shipments will be connected with the swap contracts.