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Regulatory press release

ELOP: Elop closes transactions with Nordic Infrastructure Group AS and Hadeland Elektro AS

ININ Group
20. September 2022 - Reference is made to the stock exchange announcements dated
25. August 2022 and 12 September 2022, regarding Elop AS (Elop) acquisition of
Nordic Infrastructure Group AS (NI Group) and Hadeland Elektro AS (Hadeland
Elektro). Both transactions were closed today on 20. September 2022.

Contact information:
o Øivind Horpestad, CEO and Executive Chairman, tel: +47 910 00 626
o Kim Boman, CFO, tel: +47 959 63 912

About Elop AS
Elop is a Norwegian technology company that delivers tools and digital solutions
to inspect, monitor and manage infrastructure worldwide. Through data-driven and
AI-based solutions for inspection and predictive maintenance of concrete
infrastructure, Elop's vision is to provide asset owners with solutions that
improve safety, extend asset lifetime, minimise total lifecycle cost and
environmental footprint. Elop is headquartered in Norway. For more information:
www.elop.no
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