NRC Group ASA - Summons for written resolution in NRC02 ESG

04 Sep 2024 14:45 CEST

Reference is made to the stock exchange notices made by NRC Group ASA (the
"Company") on 12 July 2024 and 21 August 2024, as well as the second quarter
report published on 29 August 2024.

Today, the Company has instructed Nordic Trustee AS to summon for a written
resolution (the "Written Resolution") for the Company's NOK 400 million senior
unsecured bonds maturing 25 October 2027 with ISIN NO0013049403 ("NRC02 ESG").
The Written Resolution proposes a temporary waiver of the Interest Coverage
Ratio covenant in the bond terms (the "Proposal"). The Proposal has been pre
-approved by bondholders representing more than the required 2/3 majority.

The bondholders' approval is inter alia contingent on minimum NOK 200 million in
new cash equity.

For further background and details of the proposed resolution, please see the
attached summons for the Written Resolution. Subject to the above, the Company
has now secured new financial covenants and waivers for both bank and bond debt
for the quarters Q3 2024 to Q3 2025.

For further information, please contact:

Åsgeir Nord, CFO of NRC Group, (+47) 957 34 985

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

More information:
Access the news on Oslo Bors NewsWeb site

627020_NRC_Written_Resolution_Waiver.pdf