Sep 28, 2018

NRC Group has completed the acquisition of Gunnar Knutsen AS

Reference is made to the announcement on 30 August 2018 from NRC Group ASA (“NRC Group” or the “Company”) regarding the agreement for NRC Group’s acquisition of Gunnar Knutsen AS.

NRC Norge AS, a wholly owned subsidiary of NRC Group, has today completed the acquisition of Gunnar Knutsen AS.

In connection with the acquisition, the board of directors of the Company has resolved to issue 847,677 new shares in the Company at a price per share of NOK 68.92. The new shares are issued as partial consideration to the seller of Gunnar Knutsen AS pursuant to an authorization granted by the Company’s extraordinary general meeting on 19 April 2018.

The Company’s new share capital following the resolution is NOK 44,026,270 divided on 44,026,270 shares, each of with a nominal value of NOK 1. The share capital increase is subject to registration with the Norwegian Register of Business Enterprises.

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

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Henning Olsen

Henning Olsen


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