Qben Infra

Reference is also made to today’s previous press release from Qben Infra regarding an agreement to divest Kvalitetsbygg R AB and Kvalitetsgruppen R Fastigheter AB and their respective subsidiaries (“Kvalitetsbygg”) to Kvalitetsprojekt 2.0 Holding AB (the “Buyer”) for a total consideration of SEK 160 million (the “Divestment”).

The investors that will acquire the shares from RSG Stockholm AB and HKL Invest AB are Songa Investments AS (controlled by Arne Blystad), Tigerstaden Marine AS (controlled by Ketil Skorstad), Middelborg Invest AS (controlled by Kristian Lundkvist) and Gimle Invest AS (controlled by Øivind Horpestad). Kristian Lundkvist and Øivind Horpestad are board members of Qben Infra.

“The investors are acquiring a significant portion of Qben Infra and are paying a substantial premium over the market price. This demonstrates strong confidence in the Company and confirms alignment with the view previously communicated by the Company’s management — that the current share price does not reflect Qben’s underlying value. In our opinion, there is considerable upside potential in the company’s portfolio” says the investors.

RSG Stockholm AB is owned by Per Anderson, who is one of the co-founders of Kvalitetsbygg and member of Qben Infra’s board of directors. HKL Invest AB is owned by Martin Bernsten, CEO of Kvalitetsbygg R AB. RSG Stockholm AB and HKL Invest AB are both minority shareholders in the Buyer.

All Share Transfers are conditional upon completion of the Divestment. In addition, the Share Transfers to Songa Investments AS and Gimle Invest AS are conditional on approval from the Inspectorate of Strategic Products (ISP) under the Swedish Screening of Foreign Direct Investments Act of the relevant investor's acquisition of shares in Qben Infra.

Upon completion of the Share Transfers, Songa Investments AS will be the largest shareholder in Qben Infra, holding approximately 27.10 percent of the total number of shares in Qben Infra.

“My heart is closest to real estate construction, and this is what I wish to focus on going forward. I am pleased that we have come to an agreement that enables me to do this while also allowing financially robust, long-term Qben Infra shareholders to increase their ownership in Qben Infra,” says Per Anderson.

For further information, please contact:

Øivind Horpestad, board member, Qben Infra, tel: +47 910 00 626

Peter Folin, chairman, Qben Infra, tel: +46 704926409

FNCA Sweden AB is the company's certified adviser.

About Qben Infra

Qben Infra invests in and develops companies in infrastructure services in the Nordic region. The company operates in niches where the market is driven by strong growth trends, large government investments and where opportunities for consolidation and strong growth exist – for example, railways and power grids. The strategy includes driving organic growth, reinforced by selective acquisitions (M&A) and realisation of synergies. For more information, see qben.se.