Team 1435, a subsidiary of Nordic Infrastructure Group, has been awarded a
contract for the replacement of sleepers and rails on the Nordlandsbanen railway
line, valued at NOK 466 million.
 
The contract includes track renewal, including the replacement of ballast on
approximately 34,500 track meters in 2025, with an option for 36,500 track
meters in 2026 and 26,000 track meters in 2027.
 
The contract work is planned to be carried out during track closures over 43
days in May/June each year.
 
Gjermund Sogn, CEO of Nordic Infrastructure Group, commented on the contract
win: "We are thrilled to have been awarded this significant contract by Bane
Nor. This project underscores our commitment to delivering high-quality
infrastructure solutions and further strengthens our position in the railway
construction industry."
 
The closing date for submission of complaints is 17.3.2025, and formal
contractual signing can take place after this date at the earliest.
 
(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 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   

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Fredrik Ekholm, Investment Director, at 08:50 am
(CET) on 6 March 2025.