May 26, 2016

Notification of trade in NRC Group ASA

On 25 May 2016, Urbex Invest AS has purchased 975,000 shares in the NRC Group ASA at a price of NOK 43.7490 per share in accordance with the terms of the forward contract entered into on 11 November 2015. Furthermore, Urbex Invest AS has entered into a new forward contract to purchase 975,000 shares at a price of NOK 44.4380 per share. The term of the forward contract is six months, with expiry on 21 November 2016. At the same time, Urbex Invest AS has sold 975,000 shares to the counterparty in the forward contract, at a price of NOK 43.7490 per share. Kristian G. Lundkvist, who is member of the of the board of directors of NRC Group ASA, is (indirectly) the majority shareholder of Urbex Invest AS, through the companies Middelborg AS and Merckx AS. Following the above transactions, Urbex Invest AS owns 5,446,828 shares in NRC Group ASA (not including the shares covered by the forward contract), representing approximately 15.43% of the total shares and votes in the company. The above shareholding of Urbex Invest AS includes 1,039,795 shares in NRC Group ASA that have been lent to Lundkvist's co-owners in Urbex Invest AS in anticipation of a possible redemption of the co-owners in exchange for a distribution from Urbex Invest AS of the same number of shares in NRC Group ASA. If such redemption be carried out, Lundkvist's effective ownership in NRC Group ASA will remain the same, as the possible transactions in Urbex Invest AS will relate to the minority shareholders only. This notification is made with reference to Sections 4- 2 and 4-4 of the Norwegian Securities Trading Act.

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