TINC announces an investment in Interparking (B)

                Antwerp, November 28, 2025, 7:30 CET                                                   

TINC, the infrastructure investor listed on Euronext Brussels, and Infravest BV, the strategic infrastructure co-operation between Gimv, WorxInvest and Belfius, announce a € 100 million investment in Interparking following the syndication by AG Insurance and AG Real Estate of an indirect minority stake to a consortium of investors including TINC, global infrastructure investor Northleaf

Capital and Hedera, the Belgian public entity responsible for financing long-term nuclear obligations. 

“This investment provides TINC with access to long-term cash flows in a sector that is a key contributor in the transition toward smart and sustainable mobility solutions. TINC made its first entry into the car park sector in 2012 with the acquisition of the Eemplein car park in the Netherlands, which remains part of our portfolio today. With this investment in Interparking, complemented by our reference shareholder Infravest, we are seizing the opportunity to further increase our exposure to the sector. Interparking has demonstrated consistent growth under the stewardship of AG Insurance and AG Real Estate, and hence we are pleased to join a strong and supportive group of shareholders.” – Manu Vandenbulcke, CEO TINC.

These three investors will become co-shareholders in a newly created company (AG Real Estate Car Park SA) which will regroup the stakes in Interparking historically owned by AG Insurance and AG Real Estate (together “AG”). This new company is majority-owned by AG, with funds managed by Northleaf

Capital Partners, Hedera and TINC/Infravest each holding a minority stake. Following the transaction,  AG Real Estate Car Park remains the majority shareholder of Interparking, with the remaining shares in Interparking owned by APG Asset Management and CriteriaCaixa. This structure ensures that AG retains exclusive control of AG Real Estate Car Park and therefore also of Interparking.

The completion of the transaction is expected to occur in December 2025. Financial details of the transaction will not be disclosed.

Investing in a leading pan-European car park operator

Interparking is a leading pan-European player in the public parking sector with headquarters in

Belgium. It is now present in 16 countries operating more than 2,000 car parks representing nearly 800,000 spaces (www.interparking.be).

                TINC NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 73 - www.tincinvest.com                             Page | 1

TINC commits € 50 million to this investment which will be funded under its € 200 million revolving credit facility. Net debt of TINC amounted to € 13,6 million on 30 September 2025.

About TINC 

TINC is a listed investment company that seeks to create sustainable value by investing in the infrastructure for the world of tomorrow. TINC participates in companies that are active in the realization and operation of infrastructure and holds a diversified portfolio of participations in focus areas such as public infrastructure, energy infrastructure, digital infrastructure and social infrastructure in Belgium, France, Ireland and the Netherlands.

For more information, please visit www.tincinvest.com.    

Contact

Manu Vandenbulcke, CEO TINC

T +32 3 290 21 73 - manu.vandenbulcke@tincinvest.com

T +32 3 290 21 73 - filip.audenaert@tincinvest.com

About Infravest

Infravest is a strategic cooperation between Gimv, WorxInvest and Belfius in view of anchoring and continuing the reference shareholding of TINC as a listed investment company active in infrastructure.

Contact

Kristof Vande Capelle, director Infravest & CFO Gimv

T +32 3 290 22 17 – kristof.vandecapelle@gimv.com

Nils De Bremaeker, director Infravest & CFO WorxInvest

T +32 3 220 22 54 - nils.debremaeker@worxinvest.com

                TINC NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 73 - www.tincinvest.com                             Page | 2