NRC Group — Major Shareholding Notification 2017

May 18, 2017

Disclosure of large shareholding - NRC Group ASA

Disclosure of large shareholding - NRC Group ASA

Urbex Invest AS, a company owned indirectly by Middelborg

AS, has on 18 May 2017 purchased 1 675 000 shares in NRC

Group ASA according to two forward contracts entered into in

November 2016. Simultaneously Urbex Invest has sold 975 000

shares to two counterparties in two new forward contracts.

After the purchase and sale, Urbex Invest AS holds 4 407 033

shares in NRC Group ASA, corresponding to 11.1% of the

shares and votes in the company. I addition Urbex Invest AS

holds forward contracts to purchase further 975 000 shares

in NRC Group ASA.

This information is made public according to Section 4-3 of

the Norwegian Securities Trading Act.