As a consequence of NRC Group ASA's (the Group) acquisition of VR Track, the Group has established a new management for its total Swedish operation to optimise its strategies, realising synergies and improve operational execution. Further to the above, the Group has resolved to reorganise its Swedish operations, including termination of approximately 90 employees, that has incurred significant expenses. The expenses and loss related to the business being reorganised, negatively affect the Group's EBITDA in Sweden amounting to approximately NOK 60 million in Q4 2018. In addition, the Group incurred M&A expenses of NOK 14 million for the quarter. The business outlook for Sweden looks strong. The Swedish National Budget for 2019 confirms a 26% increase in investments and a 6% increase in operations and maintenance spending for 2019. With the acquisition of VR Track, broadening the Group's operational scope and combining the extensive construction and maintenance expertise of the two companies, the Group will be in a favourable position to capitalize on these positive market trends. The Group had, as of 31 December 2018, a cash position of NOK 396 million, and an estimated net debt of NOK -219 million. The pro forma order book as of 31 December 2018 is NOK 6,745 million including VR Track. The Group has previously announced that VR Track is estimated to generate approximately EUR 300 million in revenues and EUR 28 million in EBITDA for 2018. The actual revenues and EBITDA for VR Track in 2018 amounted to EUR 305 million and EUR 28.6 million, respectively. The proforma revenue for the Group, including the acquired VR Track, for 2018 was NOK 6,476 million with an EBITDA of NOK 446 million after restructuring and M&A costs. For 2019, the Group expects total revenues of approximately NOK 7 billion. Key financial information: * VR Track incorporated based on management accounts with estimated IFRS adjustments on depreciations. The quarterly report for fourth quarter will be published on 12 February 2019. A telephone conference for analysts and investors will be held tomorrow at 08:00 CET. CEO Øivind Horpestad and CFO Dag Fladby will provide a brief status and answer questions. Conference call details: Norway: 07017 International: +47 915 07017 Meeting code: 739715# For more information, please contact: Øivind Horpestad, CEO, (+47) 910 00 626. Dag Fladby, CFO, (+47) 908 91 935. This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. About NRC Group NRC Group is the largest rail infrastructure entrepreneur in the Nordic region, with strong presence in Norway, Sweden and Finland. The company is a turnkey supplier of all rail related services, in addition to providing services to any transport related infrastructure such as roads, harbours, bridges and tunnels. The services include design, groundwork, trackwork, safety, electro, telecom and signalling systems, and environmental services such as decommissioning and reclamation. NRC Group has experienced significant growth since its inception in 2011 and is today the leading entrepreneur within rail infrastructure in the Nordics. The company has regional offices throughout Norway, Sweden and Finland and is headquartered at Lysaker, nearby Oslo, In Norway. The group has a revenue of approximately NOK 6 billion and approximately 2,450 employees. NRC Group is listed on the Oslo Stock Exchange under ticker "NRC". The company's chief executive officer is Øivind Horpestad. For further information, visit www.nrcgroup.com.