2 July 2024 - Anders Granshagen has been appointed CEO of Inin Power AS, which
is the holding company of Inin Group's Power Distribution platform. 

Granshagen was one of the original founders of NRC Group and has also later
founded Hadeland Elektro AS, which is now part of Inin Group. 

Inin Group's Power Distribution platform consists of businesses that deliver
services within energy infrastructure, telecommunication and electrification.
Going forward, Inin Group's Power Distribution platform will consist of the
following companies:

o Laje AS, which is a focused infrastructure construction and service company
within the energy infrastructure, telecom and electrification sector.

o Be-Ma AS, a niche contractor within fibre optics, EV charging stations and
related segments. 

o Thuve'n Anlegg & Bane AS - a company that specialises in construction and
installation of fibre optic infrastructure and other communication equipment for
the railway and other industries.

o Skyttermoen Anlegg AS, a specialist site preparation contractor which provides
services within excavation work, drainage, cable trenches, High-voltage
networks, land development and project development. The share purchase agreement
to acquire Skyttermoen Anlegg was signed last week, and the transaction is
expected to be completed in the third quarter of 2024. 

"Anders' task is to lead and develop the Power Distribution platform and
facilitate cooperation between the different platform companies where they can
create value together. Each company possesses different specialist skills, but
they have overlapping areas of expertise where we aim to identify revenue
synergies. Our objective is to develop a leading Nordic player within the power
distribution segment," says Øivind Horpestad, CEO of Inin Group. 

Inin Group currently has three investment platforms - Rail Infrastructure, Power
Distribution, and Testing, Inspection & Certification (TIC) - that operate
independently of one another but cooperate when it adds value. Each platform is
mandated to utilise M&A as a vehicle to drive consolidation and growth in their
respective industry segments. 

(ENDS)

For further information, please contact:
Øivind Horpestad, CEO of Inin Group, Tel: +47 910 00 626

About Inin Group AS
Inin Group is a listed investment company operating as an industrial owner with
investments in companies within infrastructure and industry services niches in
the Nordics. The group create value by identifying investment opportunities
within profitable niches with potential for development, consolidation and
growth, working in collaboration with the platform companies to deliver
sustainable growth and superior profitability. For more information, please
visit: www.inin.no