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 in the 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 105,000 share options. The share options have a strike price of NOK 17.70. Following the grant, Henning Olsen holds 135,000 share options and 110,025 shares in NRC Group ASA.

Ole Anton Gulsvik, CFO, has been granted 75,000 share options. The share options have a strike price of NOK 20.04. Following the grant, Ole Anton Gulsvik holds 75,000 share options, 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 57,000 share options. The share options have a strike price of NOK 17.70. Following the grant, Arild Ingar Moe holds 57,000 share options and 202,252 shares in NRC Group ASA.

Harri Lukkarinen, EVP and MD NRC Finland, has been granted 66,000 share options. The share options have a strike price of NOK 17.70. Following the grant, Harri Lukkarinen holds 115,500 share options and 12,681 shares in NRC Group ASA.

Robert Röder, EVP and MD NRC Sweden, has been granted 36,000 share options. The share options have a strike price of NOK 17.70. Following the grant, Robert Röder holds 54,125 share options and 30,000 shares in NRC Group ASA.

Lene Engebretsen, EVP and Head of Communications, has been granted 35,000 share options. The share options have a strike price of NOK 17.70. Following the grant, Lene Engebretsen holds 41,000 share options and 9,259 shares in NRC Group ASA.

Ina Pettersen, EVP and Head of HR, has been granted 35,000 share options. The share options have a strike price of NOK 17.70. Following the grant, Ina Pettersen holds 35,000 share options and 2,252 shares in NRC Group ASA.

Jussi Mattsson, EVP and Head of Strategy and business development, has been granted 35,000 share options. The share options have a strike price of NOK 17.70. Following the grant Jussi Mattsson holds 35,000 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.