Turun Raitiotie Oy has selected NRC Group Finland, a company wholly owned by NRC
Group ASA, and GRK Suomi Oy as the construction parties in the new Turku
Alliance, as well as the design firms Ramboll Finland Oy and Sweco Finland Oy.

The development phase will start in April 2024. After the development phase, the
project aims to enter the construction phase. The goal is to have the plan
approved for the construction phase by the council of Turku during the autumn of
2025. The current target cost estimate for the alliance contract is
approximately EUR 344 million.

The construction of the tramway will take place between 2026 and 2031. The
construction schedule will become more precise during the development phase of
the alliance.

For further information, please contact: Ole Anton Gulsvik, CFO of NRC Group, +
47 99 56 85 20.

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