NRC Group — Share Issue/Capital Change 2023

Mar 20, 2023

Grant of share options to primary insiders in NRC Group ASA

Grant of share options to primary insiders in NRC Group ASA

On the basis of the approval by the Annual General Meeting on 6 May 2021 to

authorize the Board of NRC Group ASA (the "Company") to issue new shares to

employees under the long-term incentive program, the Board has resolved to grant

share options to the senior executives of the Company.

Each share option, when exercised, will give the right to acquire one share

inthe Company. The share options are granted without consideration.

Pursuant to the vesting schedule, the share options can be vested over a period

of three years, with 1/3 of the aggregate number each year. All options expire

after 36 months.

Primary insiders in the Company have received the following options grants,

according to the terms described above:

Henning Olsen, CEO, has been granted 30,000 share options. The share options

have a strike price of NOK 20.04. Following the grant, Henning Olsen holds

165,000 share options and 114,306 shares in NRC Group ASA.

Ole Anton Gulsvik, CFO, has been granted 15,000 share options. The share options

have a strike price of NOK 20.04. Following the grant, Ole Anton Gulsvik holds

90,000 share options, 4,281 shares and through his wholly-owned company

Jodfabrikken AS, 133,996 shares in NRC Group ASA.

Arild Ingar Moe, EVP and MD NRC Norway, has been granted 39,000 share options.

The share options have a strike price of NOK 20.04. Following the grant, Arild

Ingar Moe holds 96,000 share options and 232,033 shares in NRC Group ASA.

Harri Lukkarinen, EVP and MD NRC Finland, has been granted 42,000 share options.

The share options have a strike price of NOK 20.04. Following the grant, Harri

Lukkarinen holds 157,500 share options and 16,962 shares in NRC Group ASA.

Lene Engebretsen, EVP and Head of Communications, has been granted 10,000 share

options. The share options have a strike price of NOK 20.04. Following the

grant, Lene Engebretsen holds 51,000 share options and 9,259 shares in NRC Group

ASA.

Marianne Kellmer, EVP and Head of HR, has been granted 4,000 share options. The

share options have a strike price of NOK 20.04. Following the grant, Marianne

Kellmer holds 4,000 share options and 4,281 shares in NRC Group ASA.

Jussi Mattsson, EVP and Head of Strategy and business development, has been

granted 10,000 share options. The share options have a strike price of NOK

20.04. Following the grant Jussi Mattsson holds 45,000 share options and 5,252

shares in NRC Group ASA.

This information is subject to the disclosure requirements in article 19 of the

Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the

Norwegian Securities Trading Act.