NRC Group ASA: New share capital registered

03 Oct 2024 09:28 CEST

Reference is made to the stock exchange announcement made by NRC Group ASA (the
"Company") on 10 September 2024 regarding the successful completion of a private
placement of 80,000,000 new shares (the "New Shares") at a subscription price of
NOK 2.50 per share (the "Private Placement").

The share capital increase pertaining to the issuance of the New Shares has now
been registered with the Norwegian Register of Business Enterprises. The
Company's new registered share capital is NOK 152,954,549 divided on 152,954,549
shares, each with a nominal value of NOK 1.00.

The New Shares will be delivered to investors in two tranches as the total
number of New Shares issued in the Private Placement have resulted in the
Company being required to publish a listing prospectus in accordance with the
requirements in the EU Prospectus Regulation: (i) tranche 1 consists of
14,590,900 New Shares, equal to the number of New Shares that can be issued and
listed without triggering the requirement of publishing a listing prospectus
("Tranche 1"); and (ii) tranche 2 consists of the remaining part of the New
Shares, i.e., 65,409,100 New Shares ("Tranche 2"). The New Shares in Tranche 1
are tradeable on Euronext Oslo Børs as of this announcement  , and the New
Shares in Tranche 2 are issued on a separate, temporary ISIN pending approval by
the Norwegian Financial Supervisory Authority of a listing prospectus and will
thus not be listed or tradeable on Oslo Børs until such listing prospectus has
been published. Approval of the listing prospectus by the Norwegian Financial
Supervisory Authority is currently anticipated around the end of October.

This information is subject to the disclosure requirements pursuant to Section 5
-12 of the Norwegian Securities Trading Act.

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