NRC GROUP ASA - APPOINTED TO A CONTRACT IN NORWAY - NOK 123 million

Bane Nor has appointed NRC Bane AS, a company wholly owned by NRC Group ASA, to contract of track renewal  on the railway connection between Lassemoen and Mo i Rana (Nordlandsbanen).

The contract is valued at approximately NOK 123 million and will involve rail services such as track, electro, signal/telecom and groundwork.

The work will commence in August 2019, and the project is scheduled for completion in the second half of 2021.

The contract also includes an option for Bane Nor to include additional track renewal work in 2022 in the same contract, with a value of approximately NOK 75 million.

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

For further information, please contact: Henning Olsen, CEO of NRC Group, +47 91 74 15 92.

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

About Us

About NRC GroupNRC Group is the largest rail infrastructure entrepreneur in the Nordic region. NRC Group has experienced significant growth since its inception in 2011 and has regional offices throughout Norway, Sweden and Finland. The company is headquartered at Lysaker, nearby Oslo, in Norway. NRC Group is listed on the Oslo Stock Exchange under ticker "NRC". The company's chief executive officer is Henning Olsen.

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