27 March 2024 - Inin Group's subsidiary Nordic Infrastructure Group AS has today
successfully completed the transactions to acquire 100 percent of the shares in
both Banefjell AS and SLAM Jernbaneteknikk AS. 

Reference is made to the stock exchange announcements dated 4 July 2023 and 22
March 2024 regarding the acquisition of the two railway contractors.

Both Banefjell AS and SLAM Jernbaneteknikk AS become part of Inin Group's Rail
Infrastructure investment platform, which is headed up by Nordic Infrastructure
Group.

(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 aims to 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