NRC Group - Capital/Financing Update 2020

NRC Group ASA: Key information relating to subsequent offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR

INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANYOTHER

JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE

UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE

SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange published by NRC Group ASA (the

"Company") on 12 February 2020, regarding a private placement of 18,918,919 new

shares in the Company (the "Private Placement") and a subsequent offering of up

to 1,891,892 new shares at the same subscription price as in the Private

Placement (the "Subsequent Offering").

Date on which the terms and conditions of the Subsequent Offering were

announced: 13 February 2020

Last day including right: 12 February 2020

Ex-date: 13 February 2020

Record date: 14 February 2020

Maximum number of new shares: 1,891,892 new shares

Subscription price: NOK 37 per share

Other information: The Subsequent Offering is subject to (i) the Company's board

of directors being granted the necessary authorisation to issue shares in the

subsequent offering at an extraordinary general meeting expected to be held on 9

March 2020, and (ii) the publication of a prospectus approved by the Norwegian

Financial Supervisory Authority. Notwithstanding the foregoing, the board of

directors may, in its sole discretion, decide that the Company shall not carry

out the Subsequent Offering.

This information is published in accordance with the requirements of the

Continuing Obligations of Oslo Børs.

For further information, please contact:

Dag Fladby, Chief Financial Officer, NRC Group ASA on tel: +47 90 89 19 35.

About NRC Group:

NRC Group is the largest rail infrastructure entrepreneur in the Nordic region.

NRC Group has experienced significant growth since its inception in 2011 and has

regional offices throughout Norway, Sweden and Finland. The company is

headquartered at Lysaker, nearby Oslo, in Norway. NRC Group is listed on the

Oslo Stock Exchange under ticker "NRC". The company's chief executive officer is

Henning Olsen.

This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

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