ØIVND HORPESTAD NEW CEO IN NRC GROUP ASA

The Board of Directors of NRC Group ASA (NRC) has appointed Øivind Horpestad as new CEO for the company, effective 1 March 2016.

Øivind Horpestad is currently Head of NRC's Rail division, and will continue also in this capacity. He has long experience from the rail industry, and was one of the founders of Team Bane which is a major part of NRC's rail business. He has been instrumental in developing NRC rail business to a leading and fully integrated rail infrastructure contractor covering the Norwegian and Swedish markets.

Acting CEO Lennart Flem retains his position as Head of NRC's Geo division, Blom AS, and Managing Director of Blom Geomatics AS.

For further information; Chairman of the Board; Helge Midttun, mobile +47 91335790

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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