NRC Group — M&A Activity 2019

Mar 25, 2019

NRC Group ASA - Appointed to a contract in Norway - NOK 76 million

NRC Group ASA - Appointed to a contract in Norway - NOK 76 million

Bane Nor has appointed NRC Bane AS, a company wholly owned by NRC Group ASA,

to a contract for track related work at the Østfold Line between Oslo and Ski in

Norway.

The contract is valued at approximately NOK 76 million, and will involve renewal

of sleepers, rails and turnouts.

The work will commence in May 2019, and the project is scheduled for completion

in August 2020.

For further information, please contact: Øivind Horpestad, CEO of NRC Group,

+47 910 00 626.

This information is subject of the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.

About NRC Group

NRC Group is the largest rail infrastructure entrepreneur in the Nordic region,

with strong presence in Norway, Sweden and Finland. The company is a turnkey

supplier of all rail related services, in addition to providing services to any

transport related infrastructure such as roads, harbours, bridges and tunnels.

The services include design, groundwork, trackwork, safety, electro, telecom and

signalling systems, and environmental services such as decommissioning and

reclamation.

NRC Group has experienced significant growth since its inception in 2011 and is

today the leading entrepreneur within rail infrastructure in the Nordics. The

company has regional offices throughout Norway, Sweden and Finland and is

headquartered at Lysaker, nearby Oslo, In Norway. The group has a revenue of

approximately NOK 6 billion and approximately 2,450 employees. NRC Group is

listed on the Oslo Stock Exchange under ticker "NRC". The company's chief

executive officer is Øivind Horpestad.

For further information, visit www.nrcgroup.com.