NRC Group ASA announces private placement of new shares fully subscribed by members of the management team and Datum AS

NRC Group ASA ("NRC" or "Company") has received subscriptions for 3,111,111 new shares in the Company at a subscription price of NOK 27 per share. 1,111,111 shares have been subscribed for by members of the Company's management team, and 2,000,000 shares have been subscribed for by Datum AS ("Datum"), a leading Norwegian investment company. In addition, Datum has entered into bilateral share purchase agreements with individual shareholders of the Company, where Datum purchases an aggregate of 2,000,000 existing shares in the Company.

The board of directors will call for an extraordinary general meeting ("EGM") to be held on or about 10 August 2015 to resolve the share issue. Shareholders representing more than 2/3 of the shares and votes in the Company have irrevocably committed to vote in favour of the share issue.

Harald Arnet, CEO of Datum, will be proposed as a new board member of NRC.

Trygve Bruland, chairman of the board of directors of NRC, said "NRC is pleased to announce the investment in the Company by Datum, and to have Harald to become member of our board of directors. Datum is an investor with substantial experience, network and resources who will strengthen the Company in its further development. We are also pleased to see the high interest to invest in our Company by key members of our management team. With this share issue, and the two new acquisitions we also announce today, we become a stronger company and are in an even better position to benefit from the positive outlook for our industry"

Harald Arnet, CEO of Datum, said "we are excited to participate in a company which has a unique position in the fast growing infrastructure market in Scandinavia".

The board of directors will propose to the EGM to conduct a subsequent repair share issue (the "Repair Issue") of up to 370,370 new shares at a subscription price of NOK 27 per share towards existing shareholders as of the end of 19 June 2015 (as registered in the VPS as of the end of 23 June 2015) that did not receive an invitation to subscribe for shares in the private placement. Further terms and conditions related to the Repair Issue will be announced in due course.

The new shares issued in the private placement will not be listed or tradable on Oslo Børs until a listing prospectus for such shares has been approved by the Norwegian Financial Supervisory Authority and published by the Company, expected to take place in August 2015.

Contact persons:
- Trygve Bruland, chairman of the board of directors NRC Group ASA, mobile +47 41146000
- Harald Arnet, CEO of Datum AS, mobile +47 90844066

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