Multiconsult

M&A Activity • Jun 28, 2023

Multiconsult completes the acquisition of A-lab

Multiconsult completes the acquisition of A-lab

On 5 June 2023, Multiconsult (OSE: MULTI) announced that it had entered into an

agreement to purchase 70 per cent of the shares of A-Lab AS based on a total

enterprise value (EV) of NOK 145.0 million. The purchase price was settled in a

combination of cash (80 per cent) and Multiconsult shares (20 per cent).

Further to this, Multiconsult will issue 140 452 new shares to the shareholders

of A-Lab AS at a share price of NOK 150.5322. The share price was based on the

volume weighted average share price of Multiconsult during the five consecutive

trading days prior to closing. The new shares are issued pursuant to an

authority given to the board of directors by the annual general meeting on 13

April 2023. The cash portion of the purchase price was settled by using existing

cash balances. The transaction was based on a locked box pricing model, where

the purchase price was calculated based on A-Lab AS' statement of financial

position as of 31 December 2022.

The share capital increase of NOK 70 226 was filed and amendments to the

articles of association of Multiconsult ASA was registered with the Norwegian

Register of Business Enterprises immediately following closing and registration

is expected to take place shortly. Following registration, the share capital of

Multiconsult will be NOK 13 837 455.50 divided into 27 674 911 shares, each with

a nominal value of NOK 0.50. The newly issued shares represent approximately

0.51 % per cent of the share capital of Multiconsult.

For further information, please contact:

Investor relations:

Ove B Haupberg, CFO & EVP

Phone: +47 401 00 900

E-mail: ovbh@multiconsult.no

Media:

Gaute Christensen, VP Communication

Phone: +47 911 70 188

E-mail: gaute.christensen@multiconsult.no

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.