Multiconsult

Earnings Release • Aug 11, 2015

Multiconsult acquires remaining shares in LINK arkitektur AS

Multiconsult acquires remaining shares in LINK arkitektur AS

This announcement is published in accordance with section 3.4 of the Continuing

Obligations for listed companies.

Oslo, 11 August 2015 -Multiconsult ASA ("Multiconsult") has entered into

agreements with the other shareholders in LINK arkitektur AS ("LINK") for the

acquisition of the remaining 68 per cent of the shares. Following completion of

these transactions, Multiconsult, previously owning 32 per cent of the shares,

will own 100 per cent of the shares in LINK. The sellers are Målsnes Invest AS,

Tviberg AS, Onafyr AS, Halleraker AS, Paladio AS (representing four employed

shareholders) and WSP Europe AB.

The total purchase price for the shares to be acquired is approximately NOK 109

million,  based on a total equity value of NOK 160 million on a 100 per cent

basis. The acquisition will be settled in cash and financed through

Multiconsult's existing cash holding.

LINK is one of the leading architect offices in Scandinavia, with a pan-Nordic

presence in major cities and regions in Norway, Sweden and Denmark. The company

has a strong track record on returns, driven by steady growth on the basis of a

solid financial position. LINK represents an excellent strategic fit for

Multiconsult, offering the potential for significant value creation through

operational synergies as well as further strengthened value proposition to

customers. Stronger ties and enhanced cooperation will enable Multiconsult and

LINK to jointly meet the growing demand from both the public and private sector

for integrated engineering and architect consultancy services.

"Having been the largest owner since 2008, we are very pleased to be able to

increase our ownership stake in the strong brand and high quality expertise

represented in LINK. We have a strong belief in the collective strength and

joint efforts of our companies, and we see the collaboration between the early

phase architecture and engineering disciplines being one of the key drivers of

sustainable urbanisation" says Mr Christian Nørgaard Madsen, CEO of

Multiconsult.

"I am very pleased to see that after several years of cooperation and part

ownership, Multiconsult has decided to include architecture as an important part

of its service offering. The market for architect services in the Nordic

countries is changing rapidly with growing demand for quality, competence and

capacity. Several companies in this business have established presence across

the region, including Norway, Sweden and Denmark, considering the Nordic region

as their home market. We see great opportunities to continue and further

strengthen LINK as one of the leading architect offices in the Nordic region,

driven by a single owner with strong impact" says Rolf Maurseth, acting managing

director of LINK.

Multiconsult intends to maintain LINK as a separate brand within the

Multiconsult group, organized as a wholly owned subsidiary, fully consolidated

in group financials.

LINK recorded total revenues of NOK 361.2 million and net profit of NOK 14.7

million in 2014. Further financial figures are included in the attachment. LINK

has approximately 200 employees in Norway and 150 employees in a fully owned

subsidiary in Sweden. The board of directors of LINK AS currently consists of

Trond Dahle (chair), Christian N. Madsen, Geir Odd Målsnes, Svein K. Halleraker,

Magnus Meyer, Liv-Kristine Rud (employee elected), Erlend Rudjord (employee

elected). The acting managing director of LINK is Rolf Maurseth.

The transactions are subject to certain conditions including approval under the

Norwegian Competition Act. Subject to the satisfaction or waiver of these

conditions, the closing of the transactions are expected to occur on 15

September 2015.

For further information, please contact:

Christian Nørgaard Madsen, CEO

Phone: +47 901 16 697

E-mail: christian.norgaard.madsen@multiconsult.no

Gaute Christensen, VP Communications

Phone: +47 911 70 188

E-mail: gaute.christensen@multiconsult.no

Mitra Hagen Negård, Head of Investor Relations

Phone: +47 95 79 36 31

E-mail: ir@multiconsult.no

ABOUT MULTICONSULT ASA

Multiconsult is a leading Norwegian multidisciplinary engineering consulting

firm, with more than 1 700 employees and 30 offices in Norway and abroad.

Multiconsult's home market is Norway, representing 92 per cent of 2014 operating

revenues. The Company focuses on six market areas: Buildings and Properties,

Transport and Infrastructure, Energy, Oil and Gas, Industry and Environment and

Natural resources. The Company has an operating history that spans more than a

century, with the inception of Norsk Vandbygningskontor in 1908. In 2014,

Multiconsult completed more than 8 000 projects for approx. 3 700 different

customers.