01 April 2025 - Rail Production AS, a subsidiary of Nordic Infrastructure Group,
has been awarded the contract SPV-24139 for work on the Holmenkollbanen during
the period of July/August 2025. 

The contract, awarded by Sporveien, is valued at approximately 27 million NOK. 

The work includes the replacement of 3000 sleepers and 10,000 meters of rail,
track upgrades at Frognerseteren, rock securing at Gråkammen, and the complete
renewal of two level crossings at Vettakollen and Skådalen. 

The closing date for submission of complaints is April 11, 2025, and formal
contractual signing can take place after this date at the earliest.

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. 
(ENDS)

For further information, please contact:
Øivind Horpestad, CEO of Inin Group AS, 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 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