Multiconsult — M&A Activity 2023

Oct 11, 2023

Multiconsult nominated for two frame agreements for Statnett SF

Multiconsult nominated for two frame agreements for Statnett SF

Multiconsult (OSE: Multi) with subcontractors have been nominated for two new

frame agreements for Statnett SF regarding further development of the power

transmission system in Norway. These frame agreements include engineering

services for sub stations, power cables and lines, as well as owner's

engineering services.

The duration of the two frame agreements will be four years from signing of the

contracts, with further possible extensions for up to four years. The total

value over four years is estimated to be above NOK 1 billion.

"We are delighted to participate in the further development of the Norwegian

power systems, which is an essential factor in the green transition of the

society. At the same time we are very pleased that Multiconsult was assessed as

the company with the best quality in both agreements, and that we continue our

good cooperation with Statnett SF", says Snorre Treimo, SVP Energy & Industry of

Multiconsult.

The nomination of the contracts are subject to standstill period (NO: karenstid)

which expires on 16 October 2023.

For further information, please contact:

Investor relations:

Ove B. Haupberg, CFO & EVP

Phone: +47 401 00 900

E-mail: oveb.haupberg@multiconsult.no

Media:

Cato A. Mørk, Senior Communications Advisor

Phone: +47 924 55 663

E-mail: cato.mork@multiconsult.no