Multiconsult

Business and Financial Review • Oct 23, 2018

Multiconsult Norge AS (Multiconsult) is awarded a significant contract with Oslo City Water and Sewerage Works Agency (Oslo Kommune, vann- og avløpsetaten)

Multiconsult Norge AS (Multiconsult) is awarded a significant contract with Oslo City Water and Sewerage Works Agency (Oslo Kommune, vann- og avløpsetaten)

Multiconsult will provide all engineering works for new water supply for Oslo.

The project is estimated to generate in excess of NOK 200 million to

Multiconsult, in addition to significant options for follow-up engineering

during the construction phase.

Work will begin immediately and a large part will be completed during the first

three years. The significant options for the construction phase could generate

work throughout 2027.

The project will include a raw water tunnel between Holsfjorden and Oslo, both

civil engineering and mechanical installations for a new water treatment plant

at Huseby, and a tunnel from Huseby to central Oslo in order to transfer clean

water to existing water grid in Oslo. The contract consists of four parts that

were up for tender and Multiconsult has been set for all four parts.

"This is a significant milestone in the newly established business area Water &

Environment, and a significant award for a valuable customer", says Christian

Nørgaard Madsen, CEO of Multiconsult ASA.

The contract award is subject to standstill period, which expires on 1 November

For further information, please contact:

Investor relations:

Mirza Koristovic, Head of Investor Relations

Phone: +47 93 87 05 25

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 consulting

company, with more than 2 800 employees and 45 offices in Norway and abroad. The

Company focuses on six business areas: Buildings & Properties, Transport,

Renewable Energy, Oil & Gas, Industry and Water & Environment. The Company has

an operating history that spans more than a century, with the inception of Norsk

Vandbygningskontor in 1908.