Nordic Aqua Partners AS: Key information relating to Subsequent Offering

26 Sep 2024 23:35 CEST

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER
JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange announcement by NRC Group ASA (the
"Company") on 26 September 2024 regarding completion of a private placement (the
"Private Placement") of new shares in the Company and that the Company
considered a subsequent offering of up to 466,666 new shares at the same
subscription price as in the Private Placement (the "Subsequent Offering").

Please see below for key information pertaining to the Subsequent Offering:

· Date on which the terms and conditions of the Subsequent Offering were
announced: 26 September 2024
· Last day including right: 26 September 2024
· Ex-date: 27 September 2024
· Record date: 30 September 2024
· Maximum number of new shares: 466,666 new shares
· Subscription price: NOK 75 per share (the "Offer Price")

The Subsequent Offering is subject to the prevailing market price of the
Company's shares following the Private Placement. The Board may decide that the
Subsequent Offering will not be carried out in the event that the Company's
shares trade below the subscription price in the Subsequent Offering at adequate
volumes. The Subsequent Offering will be directed towards shareholders in the
Company as of 26 September 2024 (as registered in the VPS on 30 September 2024)
who (i) were not allocated shares in the Private Placement or contacted in the
pre-sounding phase prior to the Private Placement and (ii) who are not resident
in a jurisdiction where such offering would be unlawful or, for jurisdictions
other than Norway, would require any prospectus, filing, registration or similar
action (the "Eligible Shareholders"). Eligible Shareholders will receive non
-transferable subscription rights in the Subsequent Offering.

The allocation hierarchy in the Subsequent Offering will be as follows:

a) Shares shall be allocated to Eligible Shareholders who have subscribed with
subscription rights.

b) Unallocated shares following a) shall be allocated to Eligible Shareholders
who have over-subscribed (on a pro rata basis).

c) Unallocated shares following b) may be allocated to shareholders or other
specific investors other than the Eligible Shareholders who have subscribed
without subscription rights, however so that the board reserves the right to
allocate c) at their sole discretion.

This information is published in accordance with the requirements of Euronext
Rule Book II.

Important information:

This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of the Company. Copies of
this announcement are not being made and may not be distributed or sent into any
jurisdiction in which such distribution would be unlawful or would require
registration or other measures.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
The Company does not intend to register any part of the offering in the United
States or to conduct a public offering of securities in the United States. Any
sale in the United States of the securities mentioned in this announcement will
be made solely to "qualified institutional buyers" as defined in Rule 144A under
the Securities Act.

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
Prospectus Regulation, i.e., only to investors who can receive the offer without
an approved prospectus in such EEA Member State. The "Prospectus Regulation"
means Regulation (EU) 2017/1129, as amended (together with any applicable
implementing measures) in any Member State.

This communication is only being distributed to and is only directed at persons
in the United Kingdom that are (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities,
and other persons to whom this announcement may lawfully be communicated,
falling within Article 49(2)(a) to (d) of the Order (all such persons together
being referred to as "relevant persons"). This communication must not be acted
on or relied on by persons who are not relevant persons. Any investment or
investment activity to which this communication relates is available only for
relevant persons and will be engaged in only with relevant persons. Persons
distributing this communication must satisfy themselves that it is lawful to do
so.

The issue, subscription or purchase of shares in the Company is subject to
specific legal or regulatory restrictions in certain jurisdictions. Neither the
Company nor the Managers assume any responsibility in the event there is a
violation by any person of such restrictions. The distribution of this release
may in certain jurisdictions be restricted by law. Persons into whose possession
this release comes should inform themselves about and observe any such
restrictions. Any failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction. Matters discussed in
this announcement may constitute forward-looking statements. Forward-looking
statements are statements that are not historical facts and may be identified by
words such as "believe", "expect", "anticipate", "strategy", "intends",
"estimate", "will", "may", "continue", "should" and similar expressions. The
forward-looking statements in this release are based upon various assumptions,
many of which are based, in turn, upon further assumptions. Although the Company
believe that these assumptions were reasonable when made, these assumptions are
inherently subject to significant known and unknown risks, uncertainties,
contingencies and other important factors which are difficult or impossible to
predict, and are beyond their control. Such risks, uncertainties, contingencies
and other important factors could cause actual events to differ materially from
the expectations expressed or implied in this release by such forward-looking
statements. The Company does not make any guarantee that the assumptions
underlying the forward-looking statements in this announcement are free from
errors nor does it accept any responsibility for the future accuracy of the
opinions expressed in this announcement or any obligation to update or revise
the statements in this announcement to reflect subsequent events. You should not
place undue reliance on the forward-looking statements in this announcement. The
information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice. The Company does not undertake any obligation to review, update,
confirm, or to release publicly any revisions to any forward-looking statements
to reflect events that occur or circumstances that arise in relation to the
content of this announcement. This announcement is for information purposes only
and is not to be relied upon in substitution for the exercise of independent
judgment. It is not intended as investment advice and under no circumstances is
it to be used or considered as an offer to sell, or a solicitation of an offer
to buy any securities or a recommendation to buy or sell any securities of the
Company. The distribution of this announcement and other information may be
restricted by law in certain jurisdictions. Persons into whose possession this
announcement or such other information should come are required to inform
themselves about and to observe any such restrictions. This announcement is an
advertisement and is not a prospectus for the purposes of the Prospectus
Regulation as implemented in any Member State.

More information:
Access the news on Oslo Bors NewsWeb site