20 June 2024 - ININ Group's subsidiary Laje AS has been awarded a NOK 38.5
million contract by utility company Glitre Nett to install a transformer station
at Kjenner in Lier municipality south of Oslo, Norway. 

Laje, which heads up ININ Group's Power Infrastructure investment platform, will
manage the project. Laje is a wholly-owned subsidiary of Inin Group. 

"This project is spot on for our specialist competence in construction of energy
infrastructure - a segment that is expected to grow substantially in coming
years as Norway continues to invest in renewable energy," says Anders Granheim,
managing director of Laje. 

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. 

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