NRC GROUP ASA – APPOINTED TO A MAJOR CONTRACT IN NORWAY – NOK 760 MILLION

Bane NOR has appointed NRC Norge AS, a company wholly owned by NRC Group ASA, to a contract for the electrification of Trønder- and Meråkerbanen.

The contract is valued at approximately NOK 760 million. The work will commence in October 2021, and the project is scheduled for completion in November 2024.

The contract includes the electrification of the railway connection between Trondheim and Stjørdal, Stavne and Leangerbanen, Hell and Storlien. This is the first time since 1970 that an extended stretch of railway in Norway will be electrified and in total 120 km of railway will be electrified. The project will increase railway transport volumes, both in terms of passenger and freight traffic, as well as faster and better railway freight between Norway and Sweden.

“This is an important win for NRC Group and confirms our competitiveness within major rail constructions. In this project, we will work closely with NRC Group Sweden to utilise the experience and knowledge we have within the group. We have an experienced team and is committed to deliver sustainable solutions for Bane NOR”, says Henning Olsen, CEO i NRC Group.

Closing date for submission of complaints is 10 days from today, 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 considered to be inside information pursuant to the EU Market Abuse Regulation, and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

The stock exchange announcement was published by Cecilie Blaauw Cock, Marketing & Communication, NRC Group ASA.