NRC GROUP ASA - APPOINTED TO A MAJOR CONTRACT IN NORWAY - NOK 202 MILLION

Bane Nor has appointed NRC Rail AS, a company wholly owned by NRC Group ASA, to a contract for changing 45 kilometers of the catenary system on the connection between Moi and Egersund (Sørlandsbanen).

The contract is valued at approximately NOK 202 million and is the largest rail contract awarded to NRC Rail AS to date.

The work will commence in March 2017, and the project is scheduled for completion in December 2018.

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

Oslo, 10 March 2017

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

About NRC Group ASA:
NRC Group is a leading contractor within railway infrastructure in Norway and Sweden. The company is a supplier of all track-related infrastructure services, including groundworks, specialized track work, safety, electro, telecom- and signalling systems. The company works within rail, metro, tram segments and close related infrastructure. NRC Group has experienced significant growth since its inception in 2011 and has a vision of becoming the leading Nordic entrepreneur within railway infrastructure.

For more information: www.nrcgroup.no/