NRC Group ASA - Appointed to a major contract in Finland

22 Oct 2024 10:23 CEST

Tampere Tramway Ltd., the City of Tampere and the Municipality of Pirkkala has
appointed NRC Group Finland, a company wholly owned by NRC Group ASA ("NRC") and
YIT Finland as construction parties for the first phase of the construction of
the Pirkkala-Linnainmaa tramway.

The project will be implemented in two phases. The cost estimate of the phase 1
Partola-Niihama is around EUR 211,8 million, with NRC's share amounting to
appromaximately EUR 81 million.

"The first phase of the construction of the Pirkkala-Linnainmaa tramway in
Tampere, is an important win for NRC Group and a testimonial to our solid
collaboration in the alliance. The work will start at the end of year, where YIT
and NRC Group Finland are responsible for the construction phase. Going forward,
we believe this project can pave the way for other cities to choose sustainable
transport" says Anders Gustafsson, CEO of NRC Group ASA.

The contract of the phase 1 includes construction of the tramway and the related
street and traffic arrangements from Hatanpään valtatie to Partola in Pirkkala
and from Tays to Niihama.

According to the preliminary project schedule, track construction is planned to
commence in December 2024 and the first phase is scheduled for completion in
August 2028.

The formal contractual signing of the contract of the phase 1 is expected to
take place on 5th December 2024.

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 Siri McKellar Nilsen,
Administration, NRC Group ASA.

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