13 May 2025 - ININ Group AS, which is majority owned by Qben Infra AB, has
agreed to the principal terms of an agreement and signed a letter of intent
(LOI) with an undisclosed buyer regarding the potential divestment of the Qben
Rail platform. 

In the contemplated transaction, Qben Rail is valued at an expected enterprise
value in the range SEK 800-850 million. 

"The indicative valuation shows Qben Rail's strong position in an attractive
market with promising growth drivers, and it also demonstrates Qben Infra's
strong investments performance. If a transaction is completed at the indicated
terms ININ Group will achieve attractive equity returns from its investment in
Qben Rail," says Patrik Egeland, CFO of Qben Infra. 

The Qben Rail platform is headed by Nordic Infrastructure Group AS. The platform
consists of rail-focused construction and maintenance companies with strong
technical skills and capabilities. Qben Infra currently owns directly and
indirectly approximately 81% of Nordic Infrastructure Group AS (i.e. Qben Rail).

The contemplated transaction is subject to satisfactory legal, financial and
commercial due diligence, customary closing conditions and agreement on and
signing of the final transaction documentation. Further details regarding the
potential transaction will be shared if and when a share purchase agreement is
signed with the possible buyer. 

ININ Group AS is listed on Euronext Growth Oslo. The company's majority
shareholder, Qben Infra AB, is listed on Nasdaq First North Premier Growth
Market in Stockholm, Sweden. 

The information included in this announcement is defined as inside information
pursuant to article 7 of the Marker Abuse Regulation (MAR) and is publicly
disclosed in accordance with article 17 of MAR and section 5-12 of the Norwegian
Securities Trading Act. The information was submitted for publication, through
the agency of the contact persons set out below, at 2025-05-13 13:45 CEST.

(ENDS)
For further information, please contact:
Øivind Horpestad, board member, Qben Infra, tel: +47 910 00 626
Patrik Egeland, CFO, Qben Infra, tel: +47 91 60 65 19

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