NRC Group — M&A Activity 2015

May 29, 2015

NRC GROUP - CLOSING OF COMBINATION WITH TEAM BANE AND REGISTRATION OF NEW NAME

NRC GROUP - CLOSING OF COMBINATION WITH TEAM BANE AND REGISTRATION OF NEW NAME

Oslo, 29 May 2015: Reference is made to

announcements made on 23 April 2015 and 7 May 2015

regarding Blom ASA's combination with Team Bane and

Svensk Järnvägsteknik AB and the related change of

name to NRC Group ASA. Closing of the combination

with Team Bane has now taken place, and

consideration shares are expected to be delivered to

the former shareholders of Team Bane on or about

today. Following registration in the Norwegian

Register of Business Enterprises of the share

capital increase related to the issue of the

consideration shares, the company's share capital is

now NOK 19,744,846 divided into 19,744,846 shares,

each with nominal value NOK 1. The new shares will

be placed on a separate ISIN and not be listed on

Oslo Børs until an information memorandum has been

published in accordance with applicable securities

legislation. In connection with the closing, the new

name NRC Group ASA has been registered with the

Norwegian Register of Business Enterprises. Closing

of the acquisition of Svensk Järnvägsteknik AB is

expected to take place within a few days.