Key financial and operational figures

NOK MILLION QUARTERS YEAR TO DATE CHANGE 21 - 22

Q322 Q321 2022 2021 Q3 YR

INCOME STATEMENT

Revenue

121.5 130.9 388.5 398.3 -7.2% -2.5%

Payroll expenses Payroll expenses in % of revenue Total other operating expenses Operating expenses in % of revenue

Adjusted EBITDA

Adjusted EBITDA margin

Adjusted EBIT

Adjusted EBIT margin

59.4 64.6 174.5 175.0 -8.1% -0.3% 48.9% 49.3% 44.9% 43.9% -0.5 pp 1 pp 16.8 20.2 81.2 74.1 -16.7% 9.5% 13.9% 15.4% 20.9% 18.6% -1.6 pp 2.3 pp

45.3 45.8 132.8 148.9 -1.3% -10.8% 37.3% 35.0% 34.2% 37.4% 2.3 pp -3.2 pp

30.9 32.4 90.0 109.6 -4.6% -17.8% 25.4% 24.7% 23.2% 27.5% 0.7 pp -4.3 pp

Non-recurring Items Net financial items Profit/(loss) before income tax Tax 10.8 4.5 24.9 16.9 140.7% 47.6% 9.0 6.2 21.7 30.3 44.0% -28.5% 11.1 21.7 43.5 62.4 -48.7% -30.3% 2.9 4.2 9.2 12.6 -30.3% -27.2%

Profit/(loss) for the year

8.2 17.5 34.3 49.8 -53.0% -31.1% Earnings per share (excl. treasury shares) (NOK) 0.23 0.49 0.95 1.38 -53.0% -31.1%

FINANCIAL POSITION

Capex (fixed assets and development cost) Adjusted operating cash flow Adj. cash conversion (relative to adjusted PTP) Total assets

Equity Equity % Cash position Net (interest bearing) debt

4.2 8.6 13.1 11.0 -51.4% 18.7% 45.8 81.3 -44.0% 83.6 106.2 21.0% 190% 279% -89 pp 103% 120% -17 pp 1 265 1 356 1 265 1 356 -6.7% -6.7% 545 535 545 535 1.8% 1.8% 43.0% 39.5% 43.0% 39.5% 3.6 pp 3.6 pp 67 108 67 108 -37.4% -37.4% 363 342 363 342 5.9% 5.9%

OPERATIONAL KPIS

Number of Employees (FTEs) Sick-leave

Number of Campuses Sonans Number of Campuses ONH Number of Students Sonans

— of which online

Number of Students ONH

— of which online

247 297 247 297 -16.6% -16.6% 4.9% 4.3% 4.8% 3.4% 0.6 pp 1.4 pp 12.0 15.0 12.0 15.0 -20.0% -20.0% 1.0 1.0 1.0 1.0 0.0% 0.0% 6 216 8 437 6 216 8 437 -26.3% -26.3% 3 119 3 526 3 119 3 526 -11.5% -11.5% 2 868 2 798 2 868 2 798 2.5% 2.5% 2 031 1 860 2 031 1 860 9.2% 9.2%