ININ Group: ININ Power strengthens its position in the Swedish energy market - Laje signs a contract worth 60 MSEK

Laje AS, part of ININ Power, has signed a contract with OX2 Construction AB for
the construction of a new 36 kV power line in Sweden. The contract is worth
approximately 60 MSEK and strengthens ININ Power's position in energy
infrastructure in the Swedish market.

Laje will carry out the project as a subcontractor for OX2. The power line is
being built for Malung-Sälen Elnät and will help strengthen and further develop
the regional grid capacity in the area.

The contract contributes to high activity and good predictability for ININ Power
in the fourth quarter of 2026 and the first and second quarters of 2027. At the
end of July 2026, ININ Power's total order backlog for the coming twelve months
had increased to 827 million NOK.

The energy division of Laje AS is an important contributor to the development
and is showing significant organic growth. ININ Power also sees a positive
development in project margins in the overall order portfolio. The development
supports the company's assessment of a growing market, driven by increasing
investments in power grids, electrification and new regional grid capacity.

"This contract is an important step in the further development of our business
in Sweden. It strengthens our position in power line and grid development and
contributes to a solid order backlog for the coming quarters. We are also
satisfied with the positive development in project margins, which reflects good
project selection, improved execution and a market with increasing demand," says
Anders Granshagen, CEO of Qben Infra AB.

Scope of the contract
The project includes, among other things:
o construction and assembly of a new 36 kV overhead line on wooden poles
o delivery and installation of line equipment and associated components
o foundation, pole erection and pulling of lines
o testing, inspection and quality assurance of the installations
o coordination and implementation in cooperation with OX2, the grid owner and
other involved parties
o HSE management and documentation in accordance with applicable requirements
and standards

The work will be carried out with an emphasis on safe and efficient progress,
high quality and good resource utilization. The project is scheduled for
completion during the second quarter of 2027.

Strategic significance
The contract represents a significant assignment within regional power
infrastructure in Sweden. For Laje, the project is an important part of the
company's continued focus on power line and grid development projects in the
Nordic market.

Through the contract with OX2, Laje strengthens its position as a contractor
within the construction of power lines and other energy infrastructure. The
project also contributes to further developing the company's expertise and
capacity within larger network expansion projects.
's expertise and\
capacity within larger network expansion projects.\