NRC Group - Regulatory Filings 2017

Approval of Final financial statements for 2016

Oslo, 6 April 2017. The Board of Directors of NRC Group ASA ("NRC

Group") has in a meeting today approved the final financial

statements for 2016.

The Financial Supervisory Authority of Norway ("NFSA") has completed

a review of NRC Group's financial statements for 2015, focusing on

NRC Group's accounting principles used for its acquisitions made in

2015. NRC Group has received a preliminary notification of decision

by the NFSA, imposing an adjustment on how NRC Group accounts for

acquisitions when it comes to recognition and subsequent

amortisation of intangible assets of acquired companies. Based on

the notification received by the NFSA, NRC Group has made

corrections to the accounting of the acquisitions made in 2015

resulting in increased amortisation of intangible assets of NOK 3

million compared to the amounts presented in the annual report for

2015, and an increase of NOK 14 million in 2016 compared to as

presented in the fourth quarter report 2016. Total amortisations

related to these acquisitions is NOK 28 mill in 2016. The changes

will not have any cash effect.

For 2017, amortisations of intangible assets relating to

acquisitions made in 2015 will be NOK 19 million. There will be no

amortisations relating to these acquisitions in 2018.

The abovementioned corrections have also affected the split between

intangible assets and goodwill in the balance sheet of 2015 and

2016. The change will not affect cash flow.

NRC Group's annual report for 2016 will be made available on the

company's website: www.nrcgroup.no.

The Board of Directors also resolved in the same meeting to propose

to the general meeting that an ordinary dividend payment of NOK 0.80

per share is approved by the general meeting.

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