Induct AS – Final results of the Subsequent Offering and cancellation of scheduled general meeting 30 May 2025

26 May 2025 22:25 CEST

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES
DESCRIBED HEREIN.

Reference is made to the stock exchange announcement published by Induct AS
(“Induct” or the “Company”) on 14 May 2025 regarding the commencement of the
subscription period (the "Subscription Period") in the subsequent offering of up
to 1,666,667 new shares (the "Offer Shares") at a subscription price of NOK 3
per share (the "Subscription Price") (the "Subsequent Offering").

The Subscription Period in the Subsequent Offering expired today, 26 May 2025,
at 16:30 CEST. By the end of the Subscription Period, the Company had received
valid subscriptions for 400,486 Offer Shares in the Subsequent Offering. On the
basis of the received subscriptions, the board has resolved that the
consummation of Subsequent Offering by the issuance of Offer Shares may be done
pursuant to an authorisation granted by the annual general meeting 14 June 2024,
and to cancel the extraordinary general meeting planned to be held on 30 May
2025.

On the basis of the abovementioned, the board has resolved to issue and allocate
a total of 400,486 Offer Shares to the subscribers in the Subsequent Offering.

The Company will consequently raise approximately NOK 1.2 million in gross
proceeds through the Subsequent Offering. Notifications of allocated Offer
Shares in the Subsequent Offering and the corresponding amount to be paid by
each subscriber will be sent out in a separate notification to each subscriber.
The notifications will be sent out on or about 27 May 2025.

The payment date for the Offer Shares is 30 May 2025. Subject to timely payment
of the Offer Shares subscribed for and allocated in the Subsequent Offering, and
subject to registration of the capital increase pertaining to the Offer Shares
with the NRBE, the delivery of the Offer Shares pertaining to the Subsequent
Offering is expected to be completed on or about 6 June 2025. The Offer Shares
are expected to commence trading on Euronext Growth Oslo on or about 6 June
2025.

Norne Securities AS is acting as sole manager in the Subsequent Offering.

***

For further information, please contact:
Synnøve Jacobsen, CEO
sj@induct.net
+47 994 15 447

***

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


IMPORTANT INFORMATION

This announcement is not an offer to sell or a solicitation of offers to
purchase or subscribe for shares. Copies of this announcement may not be sent to
jurisdictions, or distributed in or sent from jurisdictions, in which this is
barred or prohibited by law. The information contained herein shall not
constitute an offer to sell or the solicitation of an offer to buy, in any
jurisdiction in which such offer or solicitation would be unlawful absent
registration, or an exemption from registration or qualification under the
securities laws of any jurisdiction.

This document is not for publication or distribution in, directly or indirectly,
Australia, Canada, Japan, Hong Kong or the United States or any other
jurisdiction in which such release, publication or distribution would be
unlawful, and it does not constitute an offer or invitation to subscribe for or
purchase any securities in such countries or in any other jurisdiction. In
particular, the document and the information contained herein should not be
distributed or otherwise transmitted into the United States or to publications
with a general circulation in the United States of America.

This announcement is not an offer for sale of securities in the United States.
Securities may not be offered or sold in the United States absent registration
with the United States Securities and Exchange Commission or an exemption from
registration under the U.S. Securities Act of 1933, as amended (the "Securities
Act"). The Company does not intend to register any part of the offering in the
United States or to conduct a public offering in the United States of the shares
to which this document relates.

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company.

This announcement and any materials distributed in connection with this
announcement may contain certain forward-looking statements. By their nature,
forward-looking statements involve risk and uncertainty because they reflect
current expectations and assumptions as to future events and circumstances that
may not prove accurate. A number of material factors could cause actual results
and developments to differ materially from those expressed or implied by these
forward-looking statements.

The Company expressly disclaims any obligation or undertaking to update, review
or revise any statement contained in this announcement whether as a result of
new information, future developments or otherwise.

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