Multiconsult

Share Issue/Capital Change • May 12, 2015

Multiconsult IPO: Update on the status of the bookbuilding

Multiconsult IPO: Update on the status of the bookbuilding

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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.

MULTICONSULT IPO: UPDATE ON THE STATUS OF THE

BOOKBUILDING

12 May 2015; Multiconsult ASA (Multiconsult, ticker

MULTI)

Reference is made to the initial public offering of

ordinary shares (the Offering) of Multiconsult ASA

(Multiconsult, the Company, OSE ticker: MULTI).

The Joint Bookrunners in the Offering have received

orders such that the offering is oversubscribed

throughout the indicative price range on the maximum

potential deal size including the greenshoe.

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 net operating revenues. The

Company focuses on six market areas; Buildings and

Properties (33%), Transport and Infrastructure

(31%), Renewable 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.

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.

In any EEA Member State that has implemented the

Prospectus Directive, this communication is only

addressed to and is only directed at qualified

investors in that Member State within the meaning of

the Prospectus Directive.

This communication is only being distributed to and

is only directed at persons in the United Kingdom

that are (i) investment professionals falling within

Article 19(5) of the Financial Services and Markets

Act 2000 (Financial Promotion) Order 2005, as

amended (the «Order») or (ii) high net worth

entities, and other persons to whom this

announcement may lawfully be communicated, falling

within Article 49(2)(a) to (d) of the Order (all

such persons together being referred to as «relevant

persons»). This communication must not be acted on

or relied on by persons who are not relevant

persons. Any investment or investment activity to

which this communication relates is available only

to relevant persons and will be engaged in only with

relevant persons. Persons distributing this

communication must satisfy themselves that it is

lawful to do so.

Matters discussed in this announcement may

constitute forward-looking statements. Forward-

looking statements are statements that are not

historical facts and may be identified by words such

as «believe», «expect», «anticipate», "strategy", «in

tends», «estimate», «will», «may», «continue», «shoul

d» and similar expressions. The forward-looking

statements in this release are based upon various

assumptions, many of which are based, in turn, upon

further assumptions. Although the Company believes

that these assumptions were reasonable when made,

these assumptions are inherently subject to

significant known and unknown risks, uncertainties,

contingencies and other important factors which are

difficult or impossible to predict and are beyond

its control. Actual events may differ significantly

from any anticipated development due to a number of

factors, including without limitation, changes in

public sector investment levels, changes in the the

general economic, political and market conditions in

the Norwegian market, the Company's ability to

attract, retain and motivate qualified personnel,

changes in the Company's ability to engage in

commercially acceptable acquisitions and strategic

investments, and changes in laws and regulation and

the potential impact of legal proceedings and

actions. Such risks, uncertainties, contingencies

and other important factors could cause actual

events to differ materially from the expectations

expressed or implied in this release by such forward-

looking statements. The Company does not guarantee

that the assumptions underlying the forward-looking

statements in this presentation are free from errors

nor does it accept any responsibility for the future

accuracy of the opinions expressed in this

presentation or any obligation to update or revise

the statements in this presentation to reflect

subsequent events. You should not place undue

reliance on the forward-looking statements in this

document.

The information, opinions and forward-looking

statements contained in this announcement speak only

as at its date, and are subject to change without

notice. The Company does not undertake any

obligation to review, update, confirm, or to release

publicly any revisions to any forward-looking

statements to reflect events that occur or

circumstances that arise in relation to the content

of this announcement.