Eviny Solutions, a company within AF Gruppen, has been selected by BKK for a
contract to upgrade the Simonsvik transformer station in Laksevåg, Bergen, to a
GIS facility. The agreement is a turnkey contract with a value slightly
exceeding NOK 100 million, excluding VAT.

The contract includes the design, delivery, and reconstruction of the
electromechanical systems at the transformer station. The existing AIS
switchgear will be converted to an environmentally friendly GIS system.

"We are very pleased that BKK has chosen us for this important assignment. AF
Gruppen's vision is to clear up the past and build for the future, and this
upgrade to environmentally friendly GIS technology is therefore a good fit. The
project is part of a series of socially beneficial infrastructure initiatives
managed by Eviny Solutions," says Tormod Solberg, EVP at AF Gruppen.

Design and procurement work will commence as soon as the contract is signed,
while installation is scheduled for 2027.

AF Gruppen completed the acquisition of 80 percent of the shares in Eviny
Solutions AS in September. The remaining 20 percent of the shares are owned by
Eviny AS. Eviny Solutions will change its name to AF Elkraft on 14 November.

For further information:
Helge Rysjedal, Managing Director, Eviny Solutions AS, tel. +47 930 27 774
Tormod Solberg, EVP, AF Gruppen, tel. +47 950 59 495