Multiconsult

Transaction in Own Shares • Jun 22, 2016

Multiconsult ASA enters into conditional share sale agreement with Stiftelsen Multiconsult

Multiconsult ASA enters into conditional share sale agreement with Stiftelsen Multiconsult

On 22 June 2016, Multiconsult ASA (the "Company") entered into a conditional

share sale agreement with its shareholder Stiftelsen Multiconsult (the "Selling

Shareholder") for the sale of up to 550,000 shares in the Company (the "Maximum

Shares") from the Selling Shareholder to the Company in connection with the

implementation of the contemplated employee share purchase programme by the

Company.

The offer price under the agreement will be based on the same offer price

offered in the employee share purchase programme, which will be determined on

the basis of the volume weighted average trading price of the Company's shares

in the one week period immediately preceding the launch of the application

period under the programme, however in no event below NOK 90.0 per share (the

"Offer Price"). The agreement constitutes a related party agreement in

accordance with section 3.3 of the Oslo Stock Exchange continuing obligations.

The Agreement is subject to a long stop date of 15 December 2016.

Subject to completion of the Agreement and assuming that the Maximum Shares are

sold under the Agreement, the Company will acquire 550,000 existing shares in

the Company at the Offer Price, equal to 2% of the issued capital of the Company

for onwards sale to eligible employees who have been allocated shares in the

Company under the employee share purchase programme. Following completion of the

transaction, but prior to transfer of the shares to employees under the

programme, the Company will hold 550,000 own shares, equal to 2% of the issued

share capital of the Company.

Subject to completion of the Agreement and assuming that the Maximum Shares are

sold under the Agreement, the Selling Shareholder will have sold 550,000

existing shares in the Company to the Company at the Offer Price, equal to 2% of

the issued capital of the Company. Following completion of the transaction, the

Selling Shareholder holds 4 827 958 shares and 4 827 958 votes in the Company,

equal to 18.4% of the issued share capital and 18.4% of the total number of

votes in the Company.

A separate announcement will be made upon completion of the Transaction where

the Offer Price and the final number of sale shares will be disclosed.

This announcement is subject to the disclosure obligation under section 5-12 of

the Norwegian Securities Trading Act.

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 2 100 employees and 45 offices in Norway and abroad. The

Company focuses on seven market areas: Buildings & Properties, Transport &

Infrastructure, Energy, Oil & Gas, Industry, Environment & Natural resources and

Architecture. 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.