7 March 2023 - Inin Group's subsidiary Hadeland Elektro AS has been awarded a
NOK 6.5 million contract to oversee all electrical installations during the
rehabilitation of the rectifier station  at Furuset in Oslo.

Hadeland Elektro will deliver the work as a subcontractor to Malthe Winje
Automasjon AS, whose customer is Sporveien, which is a municipally owned public
transport operator in Oslo, Norway, operating the Oslo Metro and Oslo Tramway. 

Hadeland Elektro will start its work in September 2023. Completion is expected
in the first quarter of 2024. 

"It has actually been more than two years since a similar electrical
rehabilitation contract was awarded for work on the Oslo Metro. As this is our
specialist field, we are delighted to have been chosen to deliver the project.
We look forward to supporting Malthe Winje Automasjon and Sporveien in executing
the project safely and reliably," says Jon Haugsbakken, managing director of
Hadeland Elektro. 

Hadeland Elektro is an electrical contractor that delivers complete
electrotechnical solutions for construction and infrastructure projects,
including the energy, rail and road sectors. The company possesses all necessary
approvals for high and low voltage work for the rail industry, and also performs
inspection work of high-voltage grids. 

Inin Group is the largest shareholder of Hadeland Elektro with 65 percent
ownership.

(ENDS)

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

About Inin Group AS
Inin Group is an industrial owner that invests into 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 portfolio companies to deliver sustainable growth and
superior profitability. For more information, please visit: www.inin.no