NRC Group - Capital/Financing Update 2024

NRC Group ASA - Summons for written resolution in NRC02 ESG

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

"Company") on 12 July 2024 and 21 August 2024, as well as the second quarter

report published on 29 August 2024.

Today, the Company has instructed Nordic Trustee AS to summon for a written

resolution (the "Written Resolution") for the Company's NOK 400 million senior

unsecured bonds maturing 25 October 2027 with ISIN NO0013049403 ("NRC02 ESG").

The Written Resolution proposes a temporary waiver of the Interest Coverage

Ratio covenant in the bond terms (the "Proposal"). The Proposal has been pre

-approved by bondholders representing more than the required 2/3 majority.

The bondholders' approval is inter alia contingent on minimum NOK 200 million in

new cash equity.

For further background and details of the proposed resolution, please see the

attached summons for the Written Resolution. Subject to the above, the Company

has now secured new financial covenants and waivers for both bank and bond debt

for the quarters Q3 2024 to Q3 2025.

For further information, please contact:

Åsgeir Nord, CFO of NRC Group, (+47) 957 34 985

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to Section 5-12 of the Norwegian Securities Trading Act.

This stock exchange announcement was published by Charlotte Krog, Communication,

NRC Group ASA

AI assistant