Induct AS – Last day of the subscription period in the Subsequent Offering

26 May 2025 08:57 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 will expire today, 26 May
2025, at 16:30 CEST.

Correctly completed subscription forms must be received by the manager, Norne
Securities AS (the "Manager"), or in the case of online subscriptions, be
registered by the expiry of the Subscription Period. Subscription Rights that
are not used to subscribe for Offer Shares before the expiry of the Subscription
Period will have no value and will lapse without compensation to the holder.

Further information about the Subsequent Offering and the subscription
procedures is included in the invitation letter prepared for offering of Offer
Shares to Eligible Shareholders in the Subsequent Offering (the "Invitation
Letter"). The Invitation letter is available at https://emisjon.norne.no/.

The Invitation Letter is not a prospectus, neither a national prospectus nor an
EEA-prospectus, and has not been reviewed or approved by the Norwegian Financial
Supervisory Authority, Oslo Børs or any other public authority. No action has
been taken by the Company to permit an offering of the Offer Shares in any
jurisdiction other than Norway. In particular, the Offer Shares have not been
and will not be registered under the U.S. Securities Act of 1933 or under the
securities laws of any state of the United States or any other jurisdiction
outside Norway.

Subscriptions may only be made on the basis of the Invitation Letter.

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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