Multiconsult

Environmental & Social Information • Jun 28, 2022

Multiconsult to plan Norway nuclear decommissioning program

Multiconsult to plan Norway nuclear decommissioning program

Multiconsult (Oslo: MULTI)

Norsk Nukleær Dekommisjonering (NND) has notified Multiconsult Norge AS, in a

joint venture with Jacobs U.K. Limited of the award of the technical support

contract for the planning of the decommissioning of Norway's nuclear facilities.

The contract is a frame agreement and includes a wide range of disciplines in

the line of work required in the decommission phase. The initial focus of the

framework contract will be on two research sites - the nuclear fuel and

materials testing reactor at Halden and the JEEP-II neutron scattering facility

at Kjeller - which were shut down in year 2018 and 2019 respectively.

Multiconsult and Jacobs are ranked number one, and the frame agreement will be

awarded to three contract parties. The total value of these frame agreements is

estimated to be NOK 750 million, and maximum NOK 900 million, in addition to an

option estimated to NOK 100 million.

The distribution of work between the contract parties will take place according

to the Cascade method. In other words, Multiconsult and Jacobs will be asked

first. The work is expected to start immediately and expected to last for a

period of six-years.

Decommissioning of the facilities includes removing radioactive sources,

dismantling equipment and systems, demolishing structures and buildings, and

transferring radioactive material to a facility approved for storage. The scope

of the assignment includes design and planning of new facilities and upgrading

of existing nuclear and non-nuclear facilities that will be transferred to NND

during the ongoing business takeover, as well as support for license

applications. The framework agreement shall support NND in the work of

establishing all necessary technical documentation, as well as preparing safety

cases for new and existing facilities so that these meet the ownership and

operating license requirements.

"We are proud to be awarded this important task of assisting Norsk Nukleær

Dekommisjonering in the planning of the decommissioning of Norway's nuclear

facilities. The strong team of Jacobs and Multiconsult look forward to working

with Norsk Nukleær Dekommisjonering and all parties involved. Together, we will

work towards restoring the sites and prepare them for future sustainable

redevelopment", says Grethe Bergly, CEO in Multiconsult.

"This important contract expands our footprint in the European nuclear

decommissioning market, whose value is estimated to grow to USD 63 billion (EUR

60bn) by 2025 (Source: Energy Industries Council, U.K.)," said Jacobs Energy,

Security and Technology Senior Vice President Karen Wiemelt. "We are looking

forward to carrying out this work to lay the foundations for a safe and

effective cleanup that will protect people and the environment from the

radioactive legacy on these two sites."

«The decommissioning of the nuclear facilities in Norway is a complicated

assignment, and NND is pleased to see that there is a big interest from both

international and local/national suppliers to assist NND in this task. NND

welcome the international decommissioning experience that Jacobs U.K. Limited

brings onboard and acknowledge that it will be of valuable help for NND. At the

same time, we also greatly appreciate the Norwegian experience that Multiconsult

Norge AS have, which means that the two companies will be a strong partner for

NND in the coming years," says Nils Bøhmer, CTO in NND.

The overall program for used fuel treatment and decommissioning of the Halden

and Kjeller reactors is expected to cost about NOK 20 billion and take 20-25

years.

For further information, please contact:

Investor relations:

Pål-Sverre Jørgensen, Group Treasurer & Investor Relations Officer

Phone: +47 416 11 161

E-mail: psmj@multiconsult.no; ir@multiconsult.no

Media:

Gaute Christensen, VP Communications

Phone: +47 911 70 188

E-mail: gaute.christensen@multiconsult.no