7 March 2025 - Inin Group's subsidiary Nordic Infrastructure Group AS has today
signed a share purchase agreement to acquire 100 percent of the shares in
Norway-based Trasé AS - a specialist within construction and maintenance of
public transport infrastructure.  

Reference is made to the stock exchange announcement dated 28 May 2024 regarding
the transaction. 

The planned acquisition will further strengthen Nordic Infrastructure Group's
position in the railway and tramway segments and widen its offering to also
cover public road infrastructure. 

ABOUT TRASÉ AS
Trasé counts approximately 30 employees that specialize in construction,
maintenance and upgrades of railways, tramways and road infrastructure related
to public transport. It provides services within groundwork, water and
wastewater, cable systems, concrete work and track construction. The company is
headquartered at Østerås in Bærum municipality, just outside Oslo. 

The majority of Trasé's projects are located in the greater Oslo region. The
company's largest clients include public infrastructure owners such as the
Norwegian Public Roads Administration, Oslo Municipality and municipality-owned
public transport operator Sporveien. 

In 2024, Trasé delivered revenue of approximately NOK 63 million, and EBIT of
NOK 20 million. The company has delivered positive financial results every year
since its inception in 2015.  

"Trasé is a well-run business with a highly competent team that will strengthen
our position within public road infrastructure plus enable us to jointly bid for
even larger railway maintenance projects," says Gjermund Sogn, CEO of Nordic
Infrastructure Group. 

TRANSACTION DETAILS
Trasé AS is valued at NOK 60.5 million in the transaction. The valuation is
based on expected average EBIT for 2024-2026. The transaction will be settled
58% in Qben Infra shares valued at SEK 15 per share and 42% in cash. The final
purchase price may be adjusted upwards/downwards of maximum NOK 20 million based
on deviation in expected average EBIT for 2024-2026. 

The transaction is expected to be completed by the end of the first quarter
2025. 

ININ Group AS is listed on Euronext Growth Oslo. The company's majority
shareholder, Qben Infra AB, is listed on Nasdaq First North Premier Growth
Market in Stockholm, Sweden. Nordic Infrastructure Group heads up Qben Infra's
Rail platform. 

(ENDS)

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

About ININ Group AS
ININ Group is a listed investment company with investments in companies within
infrastructure 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 close collaboration with the
platform companies to deliver sustainable growth and profitability. For more
information, please visit: www.inin.no