NRC - Flagging and notification of transaction relating to NRC Group ASA

Urbex Invest AS currently owns 5,446,828 shares in NRC Group ASA (not including 975,000 shares covered by a forward contract), representing approximately 15.4% of the total shares and votes in the company (and approximately 18.2%of including the forward contract). Kristian G. Lundkvist, who is a member of the board of directors of NRC Group ASA, is (indirectly) the majority shareholder in Urbex Invest AS (owns 85.8% of the shares and votes), through the companies Middelborg AS and Merckx AS. On 4 July 2016, the shareholders of Urbex Invest AS approved a resolution to split the company, in such a way that the minority shareholders' shares in Urbex Invest AS will be redeemed in a share capital reduction in exchange for a consideration of in total 1,039,825 shares in NRC Group ASA. After completion of the transactions, Middelborg AS and Merckx AS will own 100% of the shares and votes in Urbex Invest AS, which in turn will own 4,407,003 shares in NRC Group ASA (excluding the aforementioned 975,000 shares covered by a forward contract), representing approximately 12.5% of the total shares and votes (and 15.2% of the total shares and votes including the forward contract). Kristian G. Lundkvist's effective ownership in NRC Group ASA will remain the same, as the transactions in Urbex Invest AS relate to the minority shareholders only. This notification is made with reference to Sections 4-2 to 4-4 of the Norwegian Securities Trading Act (Norwegian: verdipapirhandelloven).

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