5 December 2024 - ININ Group's wholly owned subsidiary Laje AS has been awarded
a frame agreement to deliver electrical installation services to Norwegian
utility company Føie Nett. 

The frame agreement is valid for two years, plus optional periods. Laje
estimates call-offs of approximately NOK 20 million annually over the next two
years. However, the frame agreement allows for a maximum contract value of up to
NOK 83 million over the fixed two-year period. 

Laje, which heads up the ININ Power investment platform, will manage the
electrical installation work. 

Føie Nett is a utility company based in the Ringerike district west of Oslo. Its
role is to operate, maintain and upgrade approximately 3,900 kilometres of low
and high voltage electricity grids in the municipalities of Ringerike, Hole and
Nore. 

Laje is a focused infrastructure construction and service company within the
energy infrastructure, telecom and electrification sector. The company's
business is divided into three business segments: energy infrastructure, telecom
and electrification, all focusing on the ongoing electrification and
digitalization megatrends. 

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 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