Inin Group AS — Share Issue/Capital Change 2021

Dec 23, 2021

Completion of the share buy-back program

Completion of the share buy-back program

As announced 15th December 2021, Elop placed a non-discretionary agreement with Pareto Securities for the repurchase of up to 600,000 Elop shares in the market in connection with its employee share purchase program. The share repurchases started 15 December 2021 and is now completed.

See the attached documents for transaction details and the individual transaction made under the buy-back program. After the above-mentioned transactions Elop owns a total of 600,000 own shares, corresponding to % of ELOP's share capital.

For further information, please contact:

Kim Boman, CFO, tel: +47 959 63 912

About Elop

Elop is a Norwegian holding company with two operating subsidiaries. Elop Technology develops tools and digital solutions to inspect, monitor and manage infrastructure worldwide using patented ultrasound technology. Through data-driven and AI-based solutions for inspection and predictive maintenance of concrete infrastructure, the vision is to provide asset owners with solutions that improve safety, extend asset lifetime, minimise total lifecycle cost and environmental footprint. Simplifai offers automation solutions using artificial intelligence. Simplifai’s Digital Employee solutions automate labour intensive work process where natural language communication including email, chat or documents are central.