NRC Group — M&A Activity 2020

Sep 14, 2020

NRC Group ASA - Appointed to a contract in Finland - EUR 25 million

NRC Group ASA - Appointed to a contract in Finland - EUR 25 million

Finnish Transportation Infrastructure Agency (FTIA) has appointed NRC Group

Finland, a company wholly owned by NRC Group ASA, to an overall contract for

railway maintenance.

The maintenance area is situated in Central Finland ranging from Vaasa and

Kaskinen in the west to Äänekoski, Jyväskylä and Mänttä in the east. NRC Group

Finland will be responsible for preventive maintenance and corrective measures

on the track lines, and the contract will include rail services such as track,

switch and signalling maintenance.

The contract is valued at approximately EUR 25 million. The work will commence

in February 2021, and is scheduled for completion in November 2025, with an

additional 2+2 year option period.

Closing date for submission of complaints is 14 days from today, and formal

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

For further information, please contact: Henning Olsen, CEO of NRC Group, + 47

91 74 15 92.

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

-12 of the Norwegian Securities Trading Act.