NRC Group - M&A Activity 2018 | FinancialReports.eu

NRC GROUP ASA - APPOINTED TO A CONTRACT IN NORWAY - NOK 360 MILLION

Oslo Kommune Bymiljøetaten has appointed NRC Norge AS, a company wholly owned by

NRC Group ASA, to a contract for the rehabilitation of Storgata in Oslo.

The project is part of Sporveien's tram and investment program (The Tram

Program) and comprises the procurement of 87 new trams, infrastructure and tram

track upgrades, and development work at the tram bases. The Tram Program has a

cost framework of NOK 4.1 billion approved by Oslo City Council.

The project will involve street improvement works and tram infrastructure

upgrades, as well as modernising parts of the water and wastewater network.

The contract is valued at approximately NOK 360 million. The contract will

involve rail services such as track, electro and groundwork, and the work will

commence in November 2018 and the project is scheduled for completion in July

"NRC Group is grateful for the confidence shown in us by yet another major

contract in connection the Tram Program. The contract is a perfect fit in our

strategy of covering the entire value chain, and reconfirms that NRC Group is

well positioned for the major upgrade in Oslo the coming years ", says Øivind

Horpestad, CEO of NRC Group ASA.

Closing date for submission of complaints is 10 days from today, and formal

contractual signing can take place after this period at the earliest.

For further information, please contact:

- Øivind Horpestad, Chief Executive Officer, NRC Group ASA on tel: +47 91 00

06 26

This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

About NRC Group ASA:

NRC Group is a leading contractor within railway infrastructure in Norway

and Sweden. The company is a supplier of all track-related infrastructure

services, including groundworks, specialized track work, safety, electro,

telecom- and signalling systems. The company works within rail, metro, tram

segments and close related infrastructure. NRC Group has experienced significant

growth since its inception in 2011 and has a vision of becoming the leading

Nordic entrepreneur within railway infrastructure.

For more information:

www.nrcgroup.com (https://emea01.safelinks.protection.outlook.com/?url=http%3A%2F

%2Fwww.nrcgroup.com&data=02%7C01%7Calfred.beck%40nrcgroup.com%7Ccd752ebe3acb45fae

98408d503df2323%7C5a38f90c8623417696e04340dbe50ce6%7C1%7C0%7C636419179265220120&s

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