NRC Group - Director's Dealing 2015

Notification of trade in NRC Group ASA

On 11 November 2015, Urbex Invest AS has purchased 850,000

shares in the NRC Group ASA at a price of NOK 24.93 per

share in accordance with the terms of the forward contract

entered into on 13 May 2015. Furthermore, Urbex Invest AS

has entered into a new forward contract to purchase 975,000

shares in NRC Group ASA at a price of NOK 43.749 per share.

The term of the forward contract is six and a half months,

with expiry on 25 May 2013. At the same time, Urbex Invest

AS sold 975,000 shares in NRC Group ASA to the counterparty

in the forward contract, at a price of NOK 43 per share.

Kristian G. Lundkvist, who is the chairman of the board of

directors of NRC Group ASA, is (indirectly) the majority

shareholder of Urbex Invest AS, through the companies

Middelborg AS and Merckx AS.

Following the above transactions, Urbex Invest AS owns

5,446,828 shares in NRC Group ASA, representing

approximately 19.65% of the total shares and votes in the

company. After the completion of the private placement

announced by NRC Group ASA on 9 and 10 November 2015, Urbex

Invest AS' shareholding will correspond to approximately

16.97% of the total shares and votes in the company.

Inclusive of the shares comprised by the forward contracts,

Urbex Invest 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.

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