AF Gruppen takes a position within electrical infrastructure and has entered
into a share purchase agreement to acquire 80 percent of the shares in Eviny
Solutions.

Eviny Solutions is an engineering and contracting company headquartered in
Bergen, with branch offices in Førde, Volda, and Ålesund, and a technician base
in Stord. The company was established in 2016 and is part of the energy and
technology group Eviny. With approximately 230 employees, Eviny Solutions has a
solid and multidisciplinary professional environment within design and
contracting services for electrical infrastructure.

In 2025, Eviny Solutions expects revenues of NOK 759 million and EBITDA of NOK
36 million, corresponding to a margin of 4.8%.

"AF Gruppen aims to be a leader in solving important societal challenges. In the
coming years, the need for upgrading the power grid and electrification will
increase to ensure a safe and sustainable power supply. Eviny Solutions has a
strong professional environment that delivers turnkey projects, operations, and
maintenance within electrical infrastructure. With this as a foundation, we are
well positioned to deliver operations and maintenance, as well as strengthen our
competitiveness in complex projects within a new segment," says Amund Tøftum,
CEO of AF Gruppen.

The agreed enterprise value for 100 percent of the shares is up to NOK 140
million on a debt-free basis. The consideration will be paid in cash. A
significant portion of the consideration is conditional on profitability and
safety performance during the period 2025-2027 and will be paid in 2028 if the
targets are met. The purchase price for 80 percent of the shares at closing is
agreed to NOK 71 million. The acquisition is subject to approval by competition
authorities. The transaction is expected to be completed in Q3 2025.

Eviny Solutions will remain a separate company and will be part of the Energy
and Environment business area in AF Gruppen.

For further information:
Amund Tøftum, CEO AF Gruppen, tel. +47 920 26 712
Tormod Solberg, EVP AF Gruppen, tel. +47 950 59 495