NRC Group - Major Shareholding Notification 2023

NRC Group ASA: 2023 Employee Share Purchase Program

NRC Group ASA ("NRC" or the "Company") has carried out its employee share

purchase program for 2023.

Participants in the share purchase program were offered a discount of 20 percent

on the average closing price through the subscription period. Hence the

subscription price after discount was NOK 8.93.

In connection with the program, the Company has transferred 322,855 of its

shares held in treasury to employees participating in the program. Following the

transaction, NRC owns 95,975 treasury shares.

The following primary insiders have purchased shares:

Ole Gulsvik, Chief Financial Officer, has purchased 7,165 shares in the program,

which represents the maximum number allowed for purchase within the program.

Following the purchase, Mr. Gulsvik owns 11,446 shares and through his wholly

owned company Jodfabrikken AS, 133,996 shares. In addition, Mr. Gulsvik holds

90,000 share options in the Company.

Arild Ingar Moe, EVP and MD NRC Norway, has purchased 7,165 shares in the

program, which represents the maximum number allowed for purchase within the

program. Following the purchase Mr. Moe owns 239,198 shares and 96,000 share

options in the Company.

This information is subject to the disclosure requirements in Regulation EU

596/2014 (MAR) article 19 number 3 and the Norwegian Securities Trading Act § 5

-12.

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