Inin Group AS — Director's Dealing 2024

Jul 26, 2024

Mandatory notification of trade of primary insiders

Mandatory notification of trade of primary insiders

Øivind Horpestad, CEO of Inin Group AS, has through his fully owned company Gimle Invest AS, on July 26th, sold a total of 1,599,416 shares in Inin Group AS at an average price of NOK 3.616 per share. On the same date Gimle Invest AS has bought 20.000 shares in Inin Group AS at an average price of NOK 3.21 per share.

Øivind Horpestad has trough Gimle Invest AS bought 1,080,000 shares in Qben Infra AB, corresponding to 3% of Qben Infra AB, the company that have offered to buy all shares in Inin Group AS.

Following the transactions Øivind Horpestad, CEO of Inin Group, and Gimle Invest AS owns

12 353 748 shares and 5 000 000 warrants in Inin Group, and a total of 1 080 000 shares in Qben Infra AB

Gjermund Sogn, CEO of Inin Groups subsidiary Nordic Infrastructure Group AS, and Board member in Inin Group, has on on July the 26th bought a total of 1.599.416 shares in Inin Group at an average price of NOK 3,616 per share.

Reference is made to the offer document dated 31 May 2024 (the "Offer Document")for the share exchange offer from Qben Infra AB ("Qben Infra"). Reference is further made to the stock exchange announcements dated 21 June 2024 regarding the extensions of the offer period under the Offer (the "Offer Period"). The Offer was accepted for a total of 91,516,417 ININ shares (including pre-acceptances). This corresponds to approximately 73% of the total outstanding share capital of ININ. Including warrants, options and shares on total return swap agreements, the pre-accepting and accepting shareholders control approximately 77% of the share capital on a fully diluted basis of ININ Group. Settlement will take place in connection with the listing of Qben Infra AB in Stockholm, expected to be Q4 2024.

For further information, please contact: Øivind Horpestad, CEO, tel: +47 910 00 626