Shareholder information

SHARE PRICE DEVELOPMENT NRC Group ASA has one class of shares. There were 72,954,549 shares issued at the end of 2020, each with a nominal value of NOK 1.00, compared to 54,035,630 shares issued at the end of 2019. The increase in sharecount reflects the 18,918,919 new shares issued in the first quarter of 2020 following a private placement raising NOK 700 million in gross proceeds.

In 2020, the Group’s shares traded between NOK 18.44 and NOK 57.50 per share. During the year, 57 million shares were traded in total.

MAJOR SHAREHOLDERS AND VOTING RIGHTS NRC Group had 4,019 registered shareholders in the Norwegian Central Securities Depository (VPS) at 31 December 2020, whereof the 20 largest shareholders owned 71.3%. The percentage of issued shares held by foreign shareholders was 67.2%, compared with 69.0% at year-end 2019. All the shares registered by name carry equal voting rights. The shares are freely negotiable.

January 2020 March 2020 May 2020 July 2020 September 2020 December 2020

NRC Group’s 20 largest shareholders as at 31 December 2020:

Name Country Holding Stake

VR-YHTYMÄ OY J.P. MORGAN BANK LUXEMBOURG S.A. CARNEGIE INVESTMENT BANK AB THE BANK OF NEW YORK MELLON SA/NV THE BANK OF NEW YORK MELLON SA/NV J.P. MORGAN BANK LUXEMBOURG S.A. J.P. MORGAN BANK LUXEMBOURG S.A. VERDIPAPIRFONDET DELPHI NORDIC GUNNAR KNUTSEN HOLDING AS LGA HOLDING AS VERDIPAPIRFONDET NORDEA KAPITAL VJ INVEST AS VERDIPAPIRFONDET NORDEA AVKASTNING HAUGO RIVING AS J.P. MORGAN BANK LUXEMBOURG S.A. SKANDINAVISKA ENSKILDA BANKEN AB DANSKE INVEST NORGE VEKST DNB MARKETS AKSJEHANDEL/-ANALYSE CLEARSTREAM BANKING S.A. SKANDINAVISKA ENSKILDA BANKEN AB Total number owned by top 20 Total number of shares FIN FIN SWE IRE IRE SWE SWE NOR NOR NOR NOR NOR NOR NOR LUX SWE NOR NOR LUX FIN 13,336,415 18.28 % 7,496,763 10.28 % 5,219,040 7.15 % 4,935,276 6.76 % 4,750,911 6.51 % 1,970,373 2.70 % 1,804,937 2.47 % 1,345,531 1.84 % 1,252,677 1.72 % 1,200,102 1.64 % 1,184,533 1.62 % 1,137,452 1.56 % 889,546 1.22 % 850,745 1.17 % 832,606 1.14 % 812,091 1.11 % 812,000 1.11 % 807,437 1.11 % 711,051 0.97 % 700,000 0.96 % 52,049,486 71.34 % 72,954,549 100 %

An overview of the 20 largest shareholders is available on the NRC Group website, updated every week.

Corporate actions

Capital Markets Update Private placement of NOK 700 million announced New share capital registered related to the private placement of NOK 700 million Cancellation of subsequent repair offering Extraordinary General Meeting regarding the private placement of NOK 700 million New share capital registered related to tranche 2 of the private placement of NOK 700 million Grant of 43,125 share options to senior management Initiation of share buyback program for up to NOK 3 million, related to the 2020 employee share program Initiation of share buyback program for up to NOK 2 million, related to the 2020 employee share program Annual General Meeting Initiation of share buyback program for up to NOK 2 million, related to the 2020 employee share program Transfer of treasury shares related to the company’s 2020 employee share program Date

12.02.20 12.02.20 14.02.20 08.03.20 09.03.20 16.03.20 19.03.20 30.03.20 23.04.20 06.05.20 22.05.20 02.06.20

DIVIDENDS AND DIVIDEND POLICY NRC Group shall, over time, give its shareholders a competitive return on their investment in the shares of the company. The company expects to create value for its shareholders by combining increased share value in a long-term perspective and distribution of dividends. The company aims to have a dividend policy comparable with peer groups in the industry and to give its shareholders a competitive return on invested capital relative to the underlying risks. The Board of Directors at NRC Group has introduced a dividend policy whereby, subject to a satisfactory underlying financial performance, it is NRC Group’s ambition over time to distribute as dividend a minimum of 30% of the profit for the year. Based on the 2020 results, the Board of Directors will not propose any dividend for 2020.

ANALYST COVERAGE Five Norwegian and Nordic investment banks had active coverage of NRC Group ASA in 2020, compared with seven in 2019. For contact details, please see the company website www.nrcgroup.com. GENERAL MEETINGS AND BOARD AUTHORISATIONS The 2020 AGM granted the Board of Directors the following authorisations:

1) Authorisation to increase the share capital by up to NOK 800,000 in connection with option programme for key employees. 2) Authorisation to acquire treasury shares in NRC

Group ASA for up to a maximum nominal value of

NOK 7,295,454.9. 3) Authorisation to increase the share capital by a maximum of NOK 7,295,455. The capital increase may be paid in cash, by set-off or by contributions in assets other than money.

Further information can be found in the minutes from the Annual General Meeting, available from the Company’s website www.nrcgroup.com and www. newsweb.no.

FINANCIAL CALENDAR 2021

Event

Annual General Meeting 1st quarter 2021 results Half-yearly 2021 results 3rd quarter 2021 results Date

06.05.2021 12.05.2021 19.08.2021 09.11.2021

IR POLICY NRC Group’s IR policy can be found at www.nrcgroup.com.