4 July 2023 - Inin Group's subsidiary Nordic Infrastructure Group AS has agreed
to the principal terms of an agreement to acquire 100 percent of the shares in
Norwegian railway contractor SLAM Jernbaneteknikk AS.

The planned acquisition will reinforce Nordic Infrastructure Group's already
strong position in the Norwegian market within construction, maintenance and
other specialist services to the railway industry.

"We have cooperated with SLAM Jernbaneteknikk on many projects throughout the
years. Both companies possess a unique and sought-after signalling technicians
and specialist signalling competence. Joining forces will make us the leading
player within this field in Norway," says Gjermund Sogn, CEO of Nordic
Infrastructure Group.  

ABOUT SLAM JERNBANETEKNIKK
SLAM Jernbaneteknikk is a provider of high / low voltage and signalling services
within the construction, maintenance, troubleshooting and control of railway
technical systems. The company also provides safety-related work for railways.

SLAM Jernbaneteknikk is headquartered at Roverud in Kongsvinger municipality,
Innlandet county, Norway. The company has 21 employees. In 2022, it generated
revenue of approx. NOK 26.5 million and EBIT of approx. NOK 4.2 million. 

The founders and four main shareholders of SLAM Jernbaneteknikk will continue
with the company following the potential transaction. 

The transaction is subject to customary closing conditions, satisfactory due
diligence, and final transaction documentation. Signing of the final share
purchase agreement and closing of transaction is expected by the end of the
third quarter 2023. Details of the financial terms of the transaction will be
shared following signing of a final share purchase agreement between the
parties. 

Upon completion of the potential transaction, SLAM Jernbaneteknikk will become
part of Inin Group's Rail Infrastructure investment platform, which is headed up
by Nordic Infrastructure Group. 

(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 operating as an industrial owner with
investments in companies within infrastructure and industry 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 collaboration with the platform companies
to deliver sustainable growth and superior 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 Kristina Haugland, Head of legal, Inin Capital
Partners, on 4 July 2023 at 15:30 CEST.