PRIMARY INSIDER PURCHASE SHARES IN INDUCT

Montebello Vinselskap og Invest AS, a company fully owned by Karl-Anders Grønland, proposed to be elected as Chairman of the Board, has purchased 213.335 shares in Induct at a price of NOK 7.5 per share. After the transaction, Montebello Vinselskap og Invest AS holds 213.335 shares in Induct AS. The shares were purchased and subscribed on Thursday 16 September 2021. Solvik Holding AS, a company fully owned by Ole Jørgen Karud, proposed to be elected as Board Member, has purchased 27.000 shares in Induct at a price of NOK 7.5 per share. After the transaction, Ole Jørgen Karud holds 307.000 shares in Induct AS. The shares were purchased on Thursday 16 September 2021. More Colly AS, a company fully owned by Inducts CFO Martin Fleisje, has purchased 27,000 shares in Induct at a price of NOK 7.5 per share. After the transaction, More Colly AS holds 98.500 shares in Induct AS. The shares were purchased on Thursday 16 September 2021. Fiona Holding Ltd, a company fully owned by Board Member Hans Martin Nakkim, has sold 54,000 shares in Induct at a price of NOK 7.5 per share. After the transaction, Fiona Holding Ltd holds 196.000 shares in Induct AS. The shares were sold on Thursday 16 September 2021. For further information, please contact: Alf Martin Johansen, Chief Executive Officer +47 90 17 94 35, amj@induct.net About Induct Induct offers a digital platform for work and collaboration, for individuals @HOME and organizations @WORK. The platform makes it easy to manage and collaborate on projects, create discussion groups, manage and collaborate on contracts, and support organizational growth and development through dedicated governance rooms. If you use @HOME or @WORK - Induct aims to make your digital every-day life a bit easier by giving you access to video meetings, task management, file manager and unlimited document storage, news feeds and chat areas. Induct.net is a secure, collaborative and access-controlled platform that is free to use for individuals and organizations. There is no charge per user or hidden costs. Want to learn more and get started? Visit us at induct.net.