Norconsult

Norconsult ASA: Aas-Jakobsen group participation in 2025 Norconsult Employee share program

Sandvika, 16 October 2025 (OSE: NORCO): Reference is made to the stock exchange

announcement dated 6 August 2025 regarding the completed acquisition of the Aas

-Jakobsen Group by Norconsult ASA ("Norconsult"). Following the acquisition,

employees from the Aas-Jakobsen Group were invited to participate in the

existing Norconsult employee share program for 2025 ("Employee Share Program")

As part of the program, 185 employees from the Aas-Jakobsen Group purchased a

total of 85 092 shares. This includes 39 144 matching shares. Norconsult is

pleased to report a high level of engagement, with 84% of eligible Aas-Jakobsen

employees choosing to become shareholders. This strong participation reflects

the employees' commitment.

The transaction follows the framework of Norconsult's existing employee share

programs, which includes discounted shares and matching shares, and is in line

with previously communicated parameters.

For discounted shares, the purchase price is equal to the volume-weighted

average share price for the Norconsult's shares on the Oslo Stock Exchange

during the last ten trading days prior to, and including, the last day of the

subscription period, 15 October 2025, with a discount of 20%.

For matching shares, the purchase price is equal to the volume-weighted average

share price for the Norconsult's shares on the Oslo Stock Exchange during the

last ten trading days prior to, and including, the last day of the subscription

period, 15 October 2025.

The shares were acquired from Norconsult's holding of own shares. After the

transactions the company holds 7 248 072 shares.

For further information, please contact:

Investors: Christian Aasland, SVP IR and Business Intelligence,

Media: Henrik Charlesen, Senior Communication Advisor,

This information is published in accordance with the requirements of the

Continuing Obligations and is subject the disclosure requirements pursuant to

section 5-12 of the Norwegian Securities Trading Act.

***

About Norconsult

Norconsult is a leading pan-Nordic interdisciplinary consulting firm combining

engineering, architecture and digital expertise across projects of all sizes,

for private and public customers in infrastructure, energy and industry,

buildings and architecture. Headquartered in Sandvika, Norway, Norconsult's

delivery model is centered around knowledge hubs and local presence through

approximately 6,600 employees across more than 140 offices in Norway, Sweden,

Denmark, Iceland, Poland and Finland.

AI Terminal