Multiconsult

Regulatory Filings • Jul 20, 2020

Multiconsult wins a new contract with the City of Oslo, Agency for Water and Wastewater Services (Oslo kommune, Vann- og avløpsetaten)

Multiconsult wins a new contract with the City of Oslo, Agency for Water and Wastewater Services (Oslo kommune, Vann- og avløpsetaten)

The City of Oslo has selected Multiconsult to carry out competitive basis for

the construction of a new main grid connected to the new water supply to the

city of Oslo. The contract includes detailed design and preparation of

competition basis with working drawings and includes an option for follow-up in

the construction phase.

The contract value to Multiconsult estimated to NOK 50 million plus an option

for the construction phase. Works will begin immediately, and majority of the

works to be completed in the beginning of 2021. The work for the option, the

construction phase, to follow immediately after the awarded contract.

"We are proud to win another contract for the new main water supply project to

Oslo. This is a confirmation that our expertise is valued, and that Oslo

Municipality is satisfied with our previous deliveries in the project. We will

continue to deliver with high quality and ensure good solutions for our client

and ensure a new safe and good water supply for Oslo's residents", says Sigmund

Tøien VP Corporate projects at Multiconsult.

The nomination of the contract to Multiconsult is subject to standstill period

(karenstid) which expires on 27 July 2020.

For further information, please contact:

Investor Relations:

Pål-Sverre Jørgensen, Group Treasurer & Investor Relations Officer

Phone: +47 416 111 61

E-mail: ir@multiconsult.no

Media:

Gaute Christensen, VP Communications

Phone: +47 911 70 188

E-mail: gaute.christensen@multiconsult.no

ABOUT MULTICONSULT

Multiconsult is a leading Norwegian multidisciplinary engineering and

architectural consulting company, with more than 3 000 employees and 39 offices

in Norway and abroad. The Company focuses on seven business areas: Buildings &

Properties, Transportation, Renewable Energy, Oil & Gas, Industry, Water &

Environment and City & Societies. The Company has an operating history that

spans more than a century, with the inception of Norsk Vandbygningskontor in

1908.