Multiconsult

Multiconsult wins new contract with the City of Oslo, Agency for Water and Wastewater Services

Multiconsult (OSE: MULTI)

The City of Oslo has in collaboration with Multiconsult Norge AS and AF Gruppen

AS concluded a target price agreement, to undertake phase 2 of the Huseby water

treatment plant project, a key component in establishing a new water supply for

Oslo. The scope of work contains detailed design, engineering services and

oversight during the construction and completion phase.

The target price agreement is part of and a continuation of the Alliance

Agreement between The City of Oslo, Multiconsult with partner and AF Gruppen

signed in October 2022. Multiconsult's share of the target price agreement,

together with Asplan Viak AS as partner, and COWI AS as subcontractor, is

estimated to exceed NOK 430 million. Project work has already commenced, with

approximately 25 per cent of this phase completed due to prior construction

activities. Most of the remaining work is expected be conducted by the end of

Oslo's new water supply system aims to provide a redundant source by 2028,

ensuring a secure drinking water supply for the city's residents, today 90 per

cent of them currently rely on a single source. Multiconsult Norge AS, has been

involved in developing Oslo's new water supply since 2017.

For further information, please contact:

Investor Relations:

Pål-Sverre Jørgensen, Group Treasurer & IRO

Phone: +47 416 111 61

Media:

Gaute Christensen, VP Communications

Phone: +47 911 70 188

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