Multiconsult

Share Issue/Capital Change • May 22, 2015

MULTICONSULT ASA - Bookbuilding successfully completed - Offer shares priced at NOK 78 per share

MULTICONSULT ASA - Bookbuilding successfully completed - Offer shares priced at NOK 78 per share

Oslo, 22 May 2015; Multiconsult ASA ("Multiconsult" or the "Company"), ticker

code "MULTI") announces the successful completion of the bookbuilding period for

the initial public offering of the shares (the "Offering") of Multiconsult.

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE

SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES OF AMERICA (INCLUDING

ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA AND

THE DISTRICT OF COLUMBIA) (THE "UNITED STATES"), AUSTRALIA, CANADA OR JAPAN, OR

ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS STOCK EXCHANGE NOTICE

MULTICONSULT ASA - Bookbuilding successfully completed - Offer shares priced at

NOK 78 per share

Oslo, 22 May 2015; Multiconsult ASA ("Multiconsult" or the "Company"), ticker

code "MULTI") announces the successful completion of the bookbuilding period for

the initial public offering of the shares (the "Offering") of Multiconsult.

In summary:

·

Stiftelsen Multiconsult and other selling shareholders will sell a total of

10,600,000 shares in the Offering, representing approximately 40.4% of the

shares of Multiconsult. No new shares are being issued in the Offering.

·

The Joint Global Coordinators have over-allotted 1,590,000 shares, representing

15% of the number of shares sold in the Offering before over-allotments.

·

The shares are priced at NOK 78 per share.

·

The offer price at NOK 78 per share implies a market capitalisation of

Multiconsult of approximately NOK 2,047 million.

·

Trading in the shares of Multiconsult on the Oslo Stock Exchange will commence

on 22 May 2015.

A total of 12,190,000 shares (including over-allotted shares) were allotted in

the Offering, of which 11,678,556 of the shares were allotted to investors in

the Institutional Offering and 511,444 of the shares were allotted to investors

in the Retail Offering. Following completion of the Offering, Multiconsult will

have in excess of 2,000 shareholders.

Notifications of allotted shares and the corresponding amount to be paid by

investors are expected to be communicated to the investors on or about 22 May

2015. Investors having access to investor services through their VPS account

manager will be able to check the number of shares allocated to them from

approximately 08:00 hours (CET) on 22 May 2015. The Managers may also be

contacted for information regarding allocation.

The Managers have borrowed 1,590,000 shares from Stiftelsen Multiconsult for the

purpose of over-allotting shares in the Offering. Stiftelsen Multiconsult has

granted the Managers an over-allotment option, exercisable by Arctic Securities

AS as stabilisation manager within 30 days from the date hereof to purchase up

to 1,590,000 shares from Stiftelsen Multiconsult to enable the Managers to

redeliver the borrowed shares. A separate disclosure will be issued by the

stabilisation manager regarding the over-allotment and stabilisation activities.

The shares sold by Stiftelsen Multiconsult in the Offering comprise 6,490,610

shares acquired from WSP Europe AB on 21 May 2015. Furthermore, in order to

facilitate over-allotment of Shares in the Offering, Stiftelsen Multiconsult has

on 21 May 2015 purchased 1,385,808 shares from certain shareholders in the

Company at NOK 78 per share which equals the final offer price in the Offering.

Following these acquisitions but before the sale of shares undertaken as part of

the Offering, Stiftelsen Multiconsult held 13,458,568 shares equal to 51.3% of

the issued share capital of the Company. In the Offering, Stiftelsen

Multiconsult has sold 6,490,610 shares in Multiconsult ASA at NOK 78 per share.

Following this transaction, Stiftelsen Multiconsult holds 6,967,958 shares in

Multiconsult ASA, equal to 26.5% of the total amount of issued shares and votes

in Multiconsult ASA.

ABG Sundal Collier Norge ASA and Arctic Securities AS (collectively the

"Managers") are acting as Joint Global Coordinators and Joint Bookrunners in the

IPO.

For further queries, please contact:

Mitra Hagen Negård, Head of Investor Relations

+47 95 79 36 31

investor.relation@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% of 2014 operating

revenues. The Company focuses on six market

areas[1] (http://file///C:/Users/gc/AppData/Local/Microsoft/Windows/Temporary%20I

nternet%20Files/Content.Outlook/5RV57N5V/MULTI%20

-%20Result%20of%20the%20offering_220515vFINALv2%20(clean).docx#_ftn1); Buildings

and Properties (33%), Transport and Infrastructure (31%), Energy (16%), Oil and

Gas (12%), Industry (4%) and Environment and Natural resources (4%). 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.

[1] % figures are share of operating revenues in 2014

IMPORTANT NOTICE

This announcement is not and does not form a part of any offer to sell, or a

solicitation of an offer to purchase, any securities of the Company.

Copies of this announcement are not being made and may not be distributed or

sent into the United States, Australia, Canada, Japan or any other jurisdiction

in which such distribution would be unlawful or would require registration or

other measures.

The securities referred to in this announcement have not been and will not be

registered under the U.S. Securities Act of 1933, as amended (the «Securities

Act»), and accordingly may not be offered or sold in the United States absent

registration or an applicable exemption from the registration requirements of

the Securities Act and in accordance with applicable U.S. state securities laws.

The Company does not intend to register any part of the offering in the United

States or to conduct a public offering of securities in the United States. Any

sale in the United States of the securities mentioned in this announcement will

be made solely to "qualified institutional buyers" as defined in

Rule 144A under the Securities Act.

Any offering of the securities referred to in this announcement will be made by

means of a prospectus. This announcement is not a prospectus for the purposes of

Directive 2003/71/EC (as amended, together with any applicable implementing

measures in any Member State, the «Prospectus Directive»). Investors should not

subscribe for any securities referred to in this announcement except on the

basis of information contained in a prospectus.