Multiconsult

Multiconsult ASA profit warning

Multiconsult ASA expects to report a small negative EBIT for the fourth quarter

2017. The main reason is challenging project execution in the Greater Oslo Area

and Regions Norway segments, resulting in net write-downs of approximately NOK

20 million in the quarter. These project write-downs relate to many individual

projects.

In 2017 as a whole, project execution has improved compared to 2016. However,

project execution in the fourth quarter 2017 was particularly challenging,

affecting the results for the quarter negatively. As in previous quarters in

2017, low billing ratio and high operating expenses in Norway continue to have a

negative impact on earnings in the fourth quarter. A comprehensive profitability

improvement program is currently being launched and some specific measures such

as tighter resource management, are already implemented. The program focuses

primarily on improving operations in the Greater Oslo Area and Regions Norway.

Further information about the profitability improvement program will be

presented at the fourth quarter 2017 earnings release.

Multiconsult ASA's fourth quarter 2017 results will be released on Wednesday 28

February at 07.00 CET. The complete report and presentation will be available at

www.multiconsult-ir.com and www.newsweb.no.

For further information, please contact:

Investor relations:

Mirza Koristovic, Head of Investor Relations

Phone: +47 93 87 05 25

Media:

Gaute Christensen, VP Communications

Phone: +47 911 70 188

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.

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