NRC GROUP ASA - APPOINTED TO ITS FIRST MAINTENANCE CONTRACT IN SWEDEN - SEK 357 MILLION

The Swedish Transport Administration has appointed NRC Sverige AB, a company wholly owned by NRC Group ASA, to a contract for the maintenance of railways around Hallsberg in Sweden.

This is the first contract NRC Group wins within the rail maintenance market in Sweden which has an estimated size of SEK 5 billion annually. NRC Group will be responsible for preventive maintenance and corrective measures on the track lines, and will involve rail services such as track, electro, signal and groundwork.

The contract is valued at approximately SEK 357 million, and will take effect from January 2019 and continue to January 2024 with an additional two year option period.

"This contract is very important to us since we now step into the maintenance market, which opens a new large and exciting market segment for us in Sweden. In addition, it will give us valuable experience and references to the maintenance market we expect Bane NOR will launch in Norway the coming years”, says Øivind Horpestad, CEO of NRC Group ASA.

Closing date for submission of complaints is 10 days from today, and formal contractual signing can take place after this period at the earliest.

Oslo, 2 March 2018

For further information, please contact: Øivind Horpestad, CEO of NRC Group, +47 910 00 626.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

About NRC Group ASA:

NRC Group is a leading contractor within railway infrastructure in Norway and Sweden. The company is a supplier of all track-related infrastructure services, including groundworks, specialized track work, safety, electro, telecom- and signalling systems.

The company works within rail, metro, tram segments and close related infrastructure. NRC Group has experienced significant growth since its inception in 2011 and has a vision of becoming the leading Nordic entrepreneur within railway infrastructure.

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