NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES
DESCRIBED HEREIN.

Reference is made to the stock exchange announcement published by Induct AS
("Induct" or the "Company") on 24 April 2025 regarding the Company's intention
to carry out a subsequent share offering of up to 1,666,667 new shares (the
Offer Shares") at a subscription price of NOK 3 per shares (the "Subscription
Price") raising gross proceeds of up to approximately NOK 5,000,001 million (the
"Subsequent Offering"). 

The subscription period in the Subsequent Offering commences today, 14 May 2025
at 09:00 (CEST), and ends on 26 May 2025 at 16:30 hours (CEST). 

In connection with the abovementioned, Induct hereby calls for an extraordinary
general meeting to deal with the proposed Subsequent Offering. The Subsequent
Offering will be structured as a book-building process through receipt of
subscriptions from shareholders and investors as set out below. A resolution on
a capital increase directed towards those who wish to subscribe will be made by
the board of directors after the expiry of the subscription period, based on a
separate authorization for the Subsequent Offering on the terms set out in the
proposed resolution for the general meeting. 

The Subsequent Offering is subject to applicable securities law, directed
towards shareholders of the Company as of 23 April 2025, as registered in the
VPS two trading days thereafter, who (i) were not included in the pre-sounding
phase of the Private Placement, (ii) were not allocated New Shares in the
Private Placement, and (iii) are not resident in a jurisdiction where such
offering would be unlawful, or would (in jurisdictions other than Norway)
require any prospectus filing, registration or similar action ("Eligible
Shareholders"). Eligible Shareholders will be granted non-transferable and
non-tradeable subscription rights (the "Subscription Rights") providing priority
to subscribe for Offer Shares.

The Subscription Rights will be registered on each Eligible Shareholder's VPS
account on or about 14 May 2025. Each Eligible Shareholder will be granted
0.11735 non-tradeable Subscription Rights for each share held by such Eligible
Shareholder in the Company as of the Record Date. Each Subscription Right will,
subject to applicable laws, give the right to subscribe for, and be allocated,
one Offer Share rounded down to the nearest whole Offer Share. Over-subscription
based on Subscription Rights will be permitted. 

Shareholders who were allocated shares in the Private Placement and other
investors will be given the opportunity to apply for secondary subscription in
the Subsequent Offering of shares that are not subscribed for by shareholders
entitled to allocation. The board has considered that the equal treatment of the
Company's shareholders will be safeguarded in such a structure. Subscribers in
the Private Placement will only have the opportunity to participate in both
share issues to the extent that shareholders who are entitled to participate do
not subscribe for the full issue amount. With regard to other investors, the
board considers it appropriate for the Company to be able to expand its
shareholder base. The board of directors also considers it to be in the common
interest of the Company and the shareholders to facilitate further strengthening
of the equity in the Subsequent Offering. The investors who will be offered to
subscribe for shares in addition to existing shareholders will be determined
through a book-building process and based on the subscription documentation for
the Subsequent Offering.

Further information about the Subsequent Offering and the subscription
procedures is included in the invitation letter prepared for offering of Offer
Shares to Eligible Shareholders in the Subsequent Offering (the "Invitation
Letter"). The Invitation letter is available at the Company's website as well as
https://emisjon.norne.no/. 

The Invitation Letter is not a prospectus, neither a national prospectus nor an
EEA-prospectus, and has not been reviewed or approved by the Norwegian Financial
Supervisory Authority, Oslo Børs or any other public authority. No action has
been taken by the Company to permit an offering of the Offer Shares in any
jurisdiction other than Norway. In particular, the Offer Shares have not been
and will not be registered under the U.S. Securities Act of 1933 or under the
securities laws of any state of the United States or any other jurisdiction
outside Norway. 

The Subscription Rights must be used to subscribe for Offer Shares prior to
expiry of the Subscription Period on 26 May 2025 at 16:30 hours (CEST).
Subscription Rights that are not used to subscribe for Offer Shares before the
expiry of the Subscription Period will have no value and will lapse without
compensation to the holder.

Allocation of the Offer Shares in the Subsequent Offering is expected to take
place on or about 27 May 2025.

The payment date for the Offer Shares is 30 May 2025. Subject to timely payment
of the Offer Shares subscribed for and allocated in the Subsequent Offering, and
subject to registration of the capital increase pertaining to the Offer Shares
with the NRBE, the delivery of the Offer Shares pertaining to the Subsequent
Offering is expected to be completed on or about 04 June 2025. The Offer Shares
are expected to commence trading on Euronext Growth Oslo on or about 04 June
2025.

The Subsequent Offering is, if 430,426 or more shares are subscribed in the
Subsequent Offer, subject to the general meeting resolving to grant the board an
authorization for the Subsequent Offering. The general meeting is scheduled to
be held on 30 May 2025. If less than 430,426 shares are subscribed in the
Subsequent Offer, the general meeting will be cancelled and the board of
directors will resolve the Subsequent Offer based on its existing authorisation
to increase the share capital.

Notice of the general meeting, including proposed resolutions regarding the
Rights Issue, is attached with this notification.

Norne Securities AS acted as sole manager and in connection with the Subsequent
Offering.  


***

For further information, please contact:
Synnøve Jacobsen, CEO
sj@induct.net
+47 994 15 447

***

This information is considered to include inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. This
announcement was published by Synnøve Jacobsen, CEO, on the time and date
provided.


IMPORTANT INFORMATION

This announcement is not an offer to sell or a solicitation of offers to
purchase or subscribe for shares. Copies of this announcement may not be sent to
jurisdictions, or distributed in or sent from jurisdictions, in which this is
barred or prohibited by law. The information contained herein shall not
constitute an offer to sell or the solicitation of an offer to buy, in any
jurisdiction in which such offer or solicitation would be unlawful absent
registration, or an exemption from registration or qualification under the
securities laws of any jurisdiction. 

This document is not for publication or distribution in, directly or indirectly,
Australia, Canada, Japan, Hong Kong or the United States or any other
jurisdiction in which such release, publication or distribution would be
unlawful, and it does not constitute an offer or invitation to subscribe for or
purchase any securities in such countries or in any other jurisdiction. In
particular, the document and the information contained herein should not be
distributed or otherwise transmitted into the United States or to publications
with a general circulation in the United States of America. 

This announcement is not an offer for sale of securities in the United States.
Securities may not be offered or sold in the United States absent registration
with the United States Securities and Exchange Commission or an exemption from
registration under the U.S. Securities Act of 1933, as amended (the "Securities
Act"). The Company does not intend to register any part of the offering in the
United States or to conduct a public offering in the United States of the shares
to which this document relates. 

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company. 

This announcement and any materials distributed in connection with this
announcement may contain certain forward-looking statements. By their nature,
forward-looking statements involve risk and uncertainty because they reflect
current expectations and assumptions as to future events and circumstances that
may not prove accurate. A number of material factors could cause actual results
and developments to differ materially from those expressed or implied by these
forward-looking statements. 

The Company expressly disclaims any obligation or undertaking to update, review
or revise any statement contained in this announcement whether as a result of
new information, future developments or otherwise.

DISCLOSURE REGULATION 
This information is subject of the disclosure requirements pursuant to section
of 5-12 of the Norwegian Securities Trading Act.