Multiconsult

M&A Activity • Sep 1, 2017

Multiconsult ASA in a joint venture with Cowi wins the prestigious frame agreement for Fornebubanen with Oslo kommune (municipality of Oslo)

Multiconsult ASA in a joint venture with Cowi wins the prestigious frame agreement for Fornebubanen with Oslo kommune (municipality of Oslo)

Multiconsult ASA, in a joint venture with Cowi and including partners LINK

arkitektur and Jotne has been awarded the frame agreement for engineering

services for the entire Fornebubanen design project.

Work under the frame agreement will begin in third quarter 2017 and last for 3

years. The frame agreement includes options for extensions for up to 7 years

after the first phase, with equal terms. The agreement is of significant size

for Multiconsult ASA and a substantial amount is planned to be signed shortly,

in the first call-off concerning conceptual and pre-design.

"This is excellent news! We are very excited about winning this frame agreement

for a project of such a high professional prestige and with a long-standing

public customer. This will be a high priority going forward for the Multiconsult

group including LINK arkitektur", says CEO of Multiconsult ASA Christian

Nørgaard Madsen.

The Multiconsult group, with 50 % in the joint venture, will provide engineering

and architectural services from pre-design until the completion of

infrastructure, as well as any subsequent work. In addition to the design of the

entire subway line with infrastructure, the contract includes design of workshop

- and deposit-base infrastructure, all subway stations, and the track-connection

to Majorstuen hub.

The Fornebubanen development will take place as an agency collaboration between

the Oslo kommune and Akershus fylkeskommune (Akershus county municipality). The

agency is responsible for the construction of the Fornebubanen subway line,

which will stretch between Oslo and Fornebu. The subway line development should

also have the capacity to include future traffic growth, help reduce traffic

load in the Oslo area and facilitate urban development along the route.

Furthermore, the development shall be an attractive and reliable offer in an

integrated part of the subway network in Oslo, as well as strengthen the already

established collective hubs.

The frame agreement award is subject to a 10 day appeal period.

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 ASA

Multiconsult is a leading Norwegian multidisciplinary engineering consulting

company, with more than 2 400 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. In 2015 Multiconsult completed more than 9 000

projects for approx. 4 000 different customers.