NRC GROUP ASA - EXERCISE OF CONTRACT OPTION - SEK 180 MILLION

Reference is made to the stock exchange notice made by NRC Group ASA ("NRC Group") on 2 March 2016 regarding the initial SEK 115 million contract appointment to Segermo Entreprenad AB, a company wholly owned by NRC Group, in connection with part 2 of the Ludvika - Frövi renewal. The initial contract appointment also included an option for the Swedish Transport Administration (Trafikverket) to include also part 3 in the same contract. The Swedish Transport Administration (Trafikverket) has now decided to exercise the option to include the connection from Lindesberg to Storå, being part 3 of the Ludvika - Frövi renewal in the same contract. This work will relate to renewal of approximately 14 kilometer railway and will involve rail services such as groundwork, track, electro and signal. The contract for part 3 is valued at approximately SEK 180 million, implying a total contract value for NRC Group of approximately SEK 295 million. The contract is the largest track contract awarded to NRC Group to date, and confirms NRC Group's strong position as a leading fully integrated rail infrastructure contractor in Sweden. The work will commence in January 2017, and the project is scheduled for completion in November 2017. Closing date for submission of complaints is 10 days from Friday 21 October, and formal contractual signing can take place after this period at the earliest. Oslo, 24 October 2016. 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.

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