Multiconsult

MULTI - Voting Restriction

Reference is made to the press release from Oslo

Børs dated 6 May 2015 in which it was announced that

the board of directors of Oslo Børs has resolved to

admit Multiconsult ASA ("Multiconsult") to listing

on Oslo Børs, subject to the satisfaction of certain

conditions. One of these conditions is that

Multiconsult publishes a stock exchange notice

describing the voting restriction on 25% stipulated

in the company's article of association.

Norwegian law provides that each outstanding share

shall represent a right to one vote at the general

meeting of Multiconsult. However, the articles of

association of Multiconsult sets forth that no

shareholder, including such shareholder's close

associates, may vote for more than 25% of the shares

at the general meeting of Multiconsult. A

shareholder's close associates include the following:

1.a spouse or a person with whom the shareholder

cohabits in a relationship akin to marriage,

2.the shareholder's under-age children, and under-

age children of a person as mentioned in no. 1

with whom the shareholder cohabits,

3.an undertaking within the same group as the

shareholder,

4.an undertaking in which the shareholder himself

or a person as mentioned in number 1, 2 or 5,

exercises influence as mentioned in the Public

Limited Companies Act Section 1-3.

5.A party with whom the shareholder must be

assumed to be acting in concert in the

exercise of rights accruing to the owner of

a financial instrument.

This restriction can be removed by the general

meeting of Multiconsult at any time by a 2/3

majority.

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