NRC Group — Capital/Financing Update 2023

Oct 13, 2023

Denne melding til obligasjonseierne er kun utarbeidet på engelsk. For informasjon vennligst kontakt Nordic Trustee AS.

To the bondholders in:

ISIN: NO0010861768 - FRN NRC Group ASA Senior Unsecured Open Callable Bond Issue 2019/2024

Oslo, 13 October 2023

Exercise of Call Option

Nordic Trustee AS (the "Bond Trustee") acts as bond trustee for the Bondholders in the above mentioned bond issue (the "Bond Issue") where NRC Group ASA is the issuer (the "Issuer").

All capitalized terms used herein shall have the meaning assigned to them in the bond terms dated 10 September 2019 (the "Bond Terms").

The Issuer has notified the Bond Trustee of the exercise of the Call Option to redeem the Outstanding Bonds in whole in accordance with item (iv) of paragraph (a) of clause 10.2 of the Bond Terms, as follows:

Redemption amount: Redemption price:

Original Maturity Date: Record Date: Call Option Repayment Date:

All Outstanding Bonds 101.122 % of the Nominal Amount for each redeemed Bond plus accrued and unpaid interest 13 September 2024 25 October 2023 27 October 2023

Yours sincerely Nordic Trustee AS

Lars Erik Lærum