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.


Partnership with controlling shareholder AG Insurance

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
€ 50 million investment by TINC funded under its available revolving credit facility

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
Filip Audenaert, CFO TINC
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