Update on civil contract in Norway

Reference is given to the notice on 4th January 2024, whereby it was announced that Forsvarsbygg had appointed NRC Norge AS, a company wholly owned by NRC Group ASA (the “Company”), to a contract for ground, foundation and construction work in connection with a new quay at Haakonsvern Naval Base.
 
The Company hereby informs that following a legal challenge resulting in a temporary injunction by the Court, based on an appeal from another contractor, NRC Norge AS’ appointment has been disqualified. 
 
The Company is currently reviewing the Court’s decision and evaluating its position in collaboration with its legal advisor. 
 
Further information will be disclosed as soon as more details are available or when a definitive course of action has been determinated.
 
For further information, please contact: Ole Gulsvik, CFO of NRC Group, + 47 99 56 85 20.
 
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. 
 
This stock exchange announcement was published by Charlotte Krog, Communication, NRC Group ASA.