13 May 2025 - Trasé AS, a subsidiary of Nordic Infrastructure Group, has been
awarded a contract by Sporveien AS for the installation of a temporary double
track in Josefines gate. The contract is valued at NOK 43.8 million.

The project includes the installation of two track switches in Hegdehaugsveien
and a track connection in the roundabout at Bislett stadium. The scope of work
encompasses track construction, water and sewage works, establishment of power
supply and grounding systems, contact line works, and surface works.

The work is scheduled to commence in August 2025, with expected completion in
January 2026.

Gjermund Sogn, CEO of Nordic Infrastructure Group, commented: "This is an
important strategic project for both Trasé and us at NI Group. Trasé's sister
companies, such as Hadeland Elektro and SLAM, will also be involved in the
project."

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: 
Patrik Egeland, CFO 
Email: patrik.egeland@qben.se 

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