Acquisition of Hjellnes Consult AS and Johs Holt AS successfully completed

Oslo, 25 September 2017 - Reference is made to the announcement by Multiconsult ASA 10 July 2017 concerning the acquisition of the Hjellnes Group. The Company is pleased to announce that on 25 September 2017, the acquisition was successfully completed.

As part of the completion procedure Multiconsult ASA has paid NOK 184 million to the sellers for 100% of the shares in Hjellnes Consult AS and Johs Holt AS. The settlement is a combination of NOK 119 million in cash and NOK 65 million in Multiconsult shares.

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
Multiconsult is a leading Norwegian multidisciplinary engineering consulting company, with more than 2 500 employees and 45 offices in Norway and abroad. The Company focuses on six business areas: Buildings & Properties, Transport, Renewable Energy, Oil & Gas, Industry and Water & Environment. The Company has an operating history that spans more than a century, with the inception of Norsk Vandbygningskontor in 1908.

This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

About Us

Multiconsult is one of the leading firms of consulting engineers and designers in Norway. The company delivers multidisciplinary consulting and design, project engineering and management, verification, inspection and supervision – to customers in Norway and abroad, focusing on the following sectors: buildings & properties, industry, oil & gas, transportation & infrastructure, energy, environment & natural resources. Visit www.multiconsultgroup.com for more information.

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