NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, INTO OR WITHIN THE AUSTRALIA, BELARUS, CANADA, HONG KONG, INDIA,
JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SWITZERLAND, THE UNITED
STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL

Reference is made to the announcement on 8 April 2024 concerning Qben Infra AB's
(the "Offeror" or the "Company") announcement of a share exchange offer to
shareholders of ININ Group AS ("ININ Group" or "IG") (the "Announcement"). 

Qben Infra AB is today pleased to announce a share exchange offer directed to
the 140 largest Shareholders in ININ Group (the "Selected shareholders") (the
"Offer") and start of the offer period for the Offer. At the date of this Offer,
the largest 140 Shareholders represent approximately 87% of the outstanding
share capital of IG. 

An offer on the same terms will follow to remaining shareholders that have not
received the Offer and such offer will include a prospectus relating to Qben
Infra AB and the Offer Consideration ("Retail Exchange Offer"). The Retail
Exchange Offer is expected to be launched during second half of 2024, with the
acceptance period in any event ending prior to listing of the Offeror's shares
on First North Premier. The Retail Exchange Offer will include the same set of
conditions as the Offer and is expected to close at the same time.

Shareholders that want to accept the Offer must fill out and return the
acceptance form which is included in the Offer Document, by 16:30 hours CET on
21 June 2024 (subject to any extensions of the offer period) in accordance with
the procedures and requirements set out in the offer document.

Gimle Invest has together with Tigerstaden, Middelborg, Lani Invest, Songa
Investments and other shareholders in ININ Group (the "Pre-accepting
shareholders") entered irrevocable pre-acceptances for approximately 40.5% of
the outstanding share capital of IG with respect to the Offer. Including
warrants, options and shares on total return swap agreements, the Pre-accepting
shareholders control approximately 49.4% of the share capital on a fully diluted
basis of IG.

The offer to IG shareholders is an offer consideration in form of 0.251107 newly
issued shares in Qben Infra per share in IG (the "Offer Consideration"). After
completion of the Offer and assuming 100% acceptance rate, ININ Group
shareholders will own 48.7% of Qben Infra. The Offer Consideration is updated
since 8 April to reflect an equity issue of 3,000,000 shares that will take
place in Qben Infra as part of the acquisition of Team Bygg AS, issue of new
warrants in IG and IG's share buy-back program.

As part of the process of preparing the Offer, the Board of Directors of Qben
Infra has engaged Svalner Skatt & Transaktion KB ("Svalner") as an independent
third-party expert to provide a valuation of Qben Infra on a standalone basis
(without incorporating the value of Team Bygg, ref announcement 31 May 2024
regarding the acquisition of Team Bygg and issuance of new shares in Qben
Infra). Svalner's conclusion is that the market value of the equity in Qben
Infra is in the range of SEK 860 - 1,120 million. Based on this valuation range
(and including the new share issue in relation to the Team Bygg acquisition),
the Offer Consideration represents a value of IG's outstanding share capital of
NOK 889 - 1,136 million on a fully diluted basis. This valuation range
represents a value per IG share of NOK 6.0 - 7.7 per share and a premium of 117%
- 181% compared to the volume weighted average price of the IG shares for the
three-month period ending before the Announcement on 8 April 2024.

As previously communicated, the Board of Directors in Qben Infra has resolved to
commence with an initial public offering process and listing of Qben Infra on
Nasdaq First North Premier Growth Market ("First North Premier"), which is a
condition for the Offer, and IG shareholders having accepted the Offer will
receive listed Qben Infra shares as Offer Consideration.

Qben Infra will form the parent company for the combined entity that will be a
Swedish listed infrastructure compounder. Following completion of the Offer and
subject to a 2/3 majority vote at ININ Group's general meeting, Qben Infra will
seek to apply for a de-listing of ININ Group at Euronext Growth.

For more information, please refer to the offer document that will be
distributed to Selected Shareholders and made available at www.abgsc.no.

Advisers
ABG Sundal Collier ASA is acting as financial adviser and receiving agent and
Advokatfirma DLA Piper is acting as legal adviser to the Offeror in the process.

Contact information
Qben Infra
Per Anderson
VD Qben Infra
Tel: +46 07 07 37 17 17, E-post: per@kvalitetsbygg.se

Important notice
The Offer, pursuant to the terms and conditions presented in this press release,
is not being made to persons whose participation in the Offer requires that an
additional offer document is prepared or registration effected or that any other
measures are taken in addition to those required under Norwegian and/or Swedish
law.

This press release and any related Offer documentation are not being distributed
and must not be mailed or otherwise distributed or sent in or into any country
in which the distribution or offering would require any such additional measures
to be taken or would be in conflict with any law or regulation in such country -
any such action will not be permitted or sanctioned by the Offeror. Any
purported acceptance of the Offer resulting directly or indirectly from a
violation of these restrictions may be disregarded.

The Offer is not being and will not be made, directly or indirectly, in or into,
by use of mail or any other means or instrumentality of interstate or foreign
commerce of, or any facilities of a national securities exchange of Australia,
Belarus, Canada, Hong Kong, India, Japan, New Zealand, Russia, Singapore, South
Africa, Switzerland or the United States. This includes, but is not limited to
facsimile transmission, electronic mail, telex, telephone, the internet and
other forms of electronic transmission. The Offer cannot be accepted and shares
may not be tendered in the Offer by any such use, means, instrumentality or
facility of, or from within Australia, Belarus, Canada, Hong Kong, India, Japan,
New Zealand, Russia, Singapore, South Africa, Switzerland or the United States
or by persons located or resident in Australia, Belarus, Canada, Hong Kong,
India, Japan, New Zealand, Russia, Singapore, South Africa, Switzerland or the
United States. Accordingly, this press release and any related Offer
documentation are not being and should not be mailed or otherwise transmitted,
distributed, forwarded or sent in or into Australia, Belarus, Canada, Hong Kong,
India, Japan, New Zealand, Russia, Singapore, South Africa, Switzerland or the
United States or to any person who is from or is located or resident in
Australia, Belarus, Canada, Hong Kong, India, Japan, New Zealand, Russia,
Singapore, South Africa, Switzerland or the United States. For purposes of this
section, "United States" refers to the United States of America (its territories
and possessions, any state of the United States and the District of Columbia).

Any purported tender of shares in the Offer resulting directly or indirectly
from a violation of these restrictions will be invalid and any purported tender
of shares made by a person located in Australia, Belarus, Canada, Hong Kong,
India, Japan, New Zealand, Russia, Singapore, South Africa, Switzerland or the
United States or any agent, fiduciary or other intermediary acting on a
non-discretionary basis for a principal giving instructions from or within
Australia, Belarus, Canada, Hong Kong, India, Japan, New Zealand, Russia,
Singapore, South Africa, Switzerland or the United States will be invalid and
will not be accepted. Each person who holds shares and participates in the Offer
will certify to not being from, being located in or participating in the Offer
from Australia, Belarus, Canada, Hong Kong, India, Japan, New Zealand, Russia,
Singapore, South Africa, Switzerland or the United States and not acting on a
non-discretionary basis for a principal that is from, is located in or giving
order to participate in the Offer from Australia, Belarus, Canada, Hong Kong,
India, Japan, New Zealand, Russia, Singapore, South Africa, Switzerland or the
United States. The Offeror will not deliver any consideration relating to the
Offer to Australia, Belarus, Canada, Hong Kong, India, Japan, New Zealand,
Russia, Singapore, South Africa, Switzerland or the United States. This press
release is not being, and must not be, sent to shareholders with registered
addresses in Australia, Belarus, Canada, Hong Kong, India, Japan, New Zealand,
Russia, Singapore, South Africa, Switzerland or the United States. Banks,
brokers, dealers and other nominees holding shares for persons in Australia,
Belarus, Canada, Hong Kong, India, Japan, New Zealand, Russia, Singapore, South
Africa, Switzerland or the United States must not forward this press release or
any other document related to the Offer to such persons. 

The Offer, the information and documents contained in this press release are not
being made and have not been approved by an authorised person for the purposes
of section 21 of the UK Financial Services and Markets Act 2000 (the "FSMA").
Accordingly, the information and documents contained in this press release are
not being distributed to, and must not be passed on to, the general public in
the United Kingdom except where there is an applicable exemption. The
communication of the information and documents contained in this press release
is exempt from the restriction on financial promotions under section 21 of the
FSMA on the basis that it is a communication by or on behalf of a body corporate
which relates to a transaction to acquire day to day control of the affairs of a
body corporate