NRC Group - Notification of Trade

On 17 November 2016, Sogn Invest AS entered into a forward contract to purchase 325,000 shares in NRC Group ASA at a price of NOK 44.06 per share. The term of the forward contract expires on 19 May 2017. At the same time, Sogn Invest AS sold 325,000 shares in NRC Group ASA to the counterparty in the forward contract, at a price of NOK 43.25 per share.

Sogn Invest AS is wholly owned by Gjermund Sogn, business developer for NRC Rail Norge.

After the sale, Sogn Invest AS owns 1,281,046 shares in NRC Group ASA, representing approximately 3.63% of the outstanding shares and votes in the company. Inclusive of the shares comprised by the forward contract, Sogn Invest AS' number of shares and votes are unchanged.

Further, on 17 November 2016, Charlotte Holding AS entered into a forward contract to purchase 500,000 shares in NRC Group ASA at a price of NOK 60.83 per share. The term of the forward contract expires on 19 May 2017. At the same time, Charlotte Holding AS sold 500,000 shares in NRC Group ASA to the counterparty in the forward contract, at a price of NOK 59.7 per share.

Charlotte Holding AS is wholly owned by Øivind Horpestad, who is the CEO of NRC Group ASA.

Following the sale, Charlotte Holding AS owns 1,928,008 shares in NRC Group ASA, representing approximately 5.46% of the outstanding shares and votes in the company. Inclusive of the shares comprised by the forward contract, Charlotte Holding AS' number of shares and votes are unchanged.

This notification is made with reference to Sections 4-2 and 4-4 of the Norwegian Securities Trading Act.