NRC Group ASA - Cancellation of contract

24 Jan 2023 13:36 CET

NRC Group owns 20% of the shares in AGN Haga AB (AGN Haga), a company executing
two contracts, E04 Station Haga, and E03 Kvarnberget. AGN Haga, has today
received a termination notice from Trafikverket in relation to Station Haga in
Gothenburg (E04). The contract in relation to Kvarnberget (E03) is not part of
the termination notice.

NRC Group is represented in the board of AGN Haga, but is not operationally
involved in the projects. In Q4 2022, NRC Group made a capital contribution of
SEK 6 million to AGN Haga, representing NRC Group's pro-rata share of the total
capital contribution. The capital contribution will be impaired in the Q4 2022
accounts. The book value of AGN Haga in the NRC Group's accounts is unchanged at
NOK 0 million.

The notice of termination will not impact NRC Group's order backlog.

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

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