NRC Group — Capital/Financing Update 2019

Aug 29, 2019

NRC Group ASA - Successful placement of new bond issue

NRC Group ASA - Successful placement of new bond issue

Reference is made to the press release dated 20 August 2019 by NRC Group.

NRC Group has successfully completed the issuance of NOK 600 million senior

unsecured bonds. The bond issue was substantially oversubscribed. Settlement is

expected to be 13 September 2019, with final maturity 13 September 2024. The

bonds have a floating coupon rate of 3 months NIBOR + 4.00% p.a. An application

will be made for the bonds to be listed on the Oslo Børs. The net proceeds from

the bond issue will be used to refinance existing bank debt to further increase

the financial flexibility.

Danske Bank acted as Sole Bookrunner for the issuance of new bonds.

For more information, please contact: Dag Fladby, CFO of NRC Group, Tlf: +47 90

89 19 35