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Regulatory press release

Terranor Group AB: Terranor wins operation and maintenance contract in Norrköping worth SEK 52 million

Terranor Group
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Norrköping Municipality has announced its intention to award a public tender for operation and maintenance of municipal roads over four years of area 2 in Norrköping, Sweden, to Terranor AB, a subsidiary of Terranor Group. The agreement is valued at approximately SEK 52 million for the full contract period. The contract will commence on 1 October 2026 and run until 30 September 2030, with an option to extend the contract by up to four additional years.

The contract covers the operation and maintenance of roads, footpaths and cycle paths, bridges, engineering structures and parks. Area 2 covers the western parts of Norrköping municipality.

"We are delighted to have been entrusted once again to continue our partnership with the Norrköping municipality by being awarded the operation and maintenance contract for area 2 in Norrköping. Terranor is already responsible for areas 3 and 4 in the municipality of Norrköping, which creates favourable conditions for effective coordination and the continued high quality of services provided to the municipality", says Niklas Kock, Operations Manager at Terranor AB.

In accordance with customary procurement procedures, a mandatory standstill period of 10 days will apply before the contract can be formally signed.

For further information, please contact:
Inka Kontturi, CFO and Head of Investor Relations
Phone: +358 445 089 875
Email: ir@terranor.se

This is information that Terranor Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 17. 50 CET on 27 March 2026.

About Terranor
Terranor is one of the leading players in road maintenance in the Nordic region. The Company's business concept is to offer a wide range of qualified services in road operation and maintenance to ensure that roads remain accessible and functional all year round. The business covers both winter road maintenance, with snow removal and anti-slip protection, and summer maintenance, such as repairs and asphalt work. In addition, Terranor offers services in green area management, road safety and light infrastructure projects. Through operational efficiency, Terranor has achieved a high and profitable growth.

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