NRC Group — Director's Dealing 2015

Dec 15, 2015

MANDATORY NOTIFICATION OF TRADE

MANDATORY NOTIFICATION OF TRADE

On 15 December 2015, Charlotte Holding AS entered into

a forward contract to purchase 500,000 shares in NRC

Group ASA at a price of NOK 29 per share. The term of

the forward contract expires on 25 May 2016. At the

same time, Charlotte Holding AS sold 500,000 shares in

NRC Group ASA to the counterparty in the forward

contract, at a price of NOK 28.54 per share.

Charlotte Holding AS is wholly owned by Øivind

Horpestad, who is Head of the Rail division in NRC

Group ASA.

Following the sale, Charlotte Holding AS owns

1,928,008 shares in NRC Group ASA, representing

approximately 5.58% of the outstanding shares and

votes in the company. Inclusive of the shares

comprised by the forward contract, Charlotte Holding

AS' number of shares and votes are unchanged.

This notification is made with reference to Sections

4-2 and 4-4 of the Norwegian Securities Trading Act.