Norconsult ASA: Employee Share Programs 2024

Sandvika, 17 June 2024(OSE: NORCO): In connection with Norconsult’s Employee Share Programs 2024, 3 839 employees purchased a total of 2 885 363 shares. The share programs were substantially oversubscribed, hence the allocation of shares was reduced in order to meet the previously communicated cost frame for the program. The Share Programs include a program for discounted shares and matching shares, as well as programs for executive management and other key employees.

For discounted shares, the purchase price is equal to the volume-weighted average share price for the Company's shares on the Oslo Stock Exchange during the last ten trading days prior to, and including, the last day of the subscription period, 14 June 2024, with a discount of 20%.

For matching shares, the purchase price is equal to the volume-weighted average share price for the Company's shares on the Oslo Stock Exchange during the last ten trading days prior to, and including, the last day of the subscription period, 14 June 2024.

Employees participating in the matching share program will receive one matching share for each share purchased, provided they remain employed with the Company and holds their shares through the specified vesting period. Employees receive 4/10 shares after three years and 6/10 shares after five years. The matching share program for executive management and other key employees are subject to a two-year lock-up period with a 20% discount on the purchasing price.

A total of 3 470 participants purchased 1 604 214 shares at a price of NOK 25.95 per share.

A total of 2 969 participants purchased 1 281 149 shares at a price of NOK 32.43 per share.

The following primary insiders (PDMR) have bought the following number of shares on 14 June 2024 and received the following number of potential matching shares:

Anna Bolneset, deputy board member, purchased 924 shares and has been allocated 462 matching shares. After the transaction, Anna Bolneset and her close associates hold 53 076 shares in the Company.

Anne Jenny Bergseth, board member, purchased 924 shares and has been allocated 462 matching shares. After the transaction, Anne Jenny Bergseth and her close associates hold 33 330 shares in the Company.

Birgitte Lunde Hartmann, deputy board member, purchased 924 shares and has been allocated 462 matching shares. After the transaction, Birgitte Lunde Hartmann and her close associates hold 84 171 shares in the Company.

Bård Sverre Hernes, EVP Norway Head Office, purchased 7 422 shares and has been allocated 3 616 matching shares. After the transaction, Bård Sverre Hernes and his close associates hold 1 335 053 shares in the Company.

Dag Fladby, CFO, purchased 3 932 shares and has been allocated 3 932 matching shares. After the transaction, Dag Fladby and his close associates hold 213 932 shares in the Company.

Egil Hogna, President and CEO, purchased 18 867 shares and has been allocated 9 314 matching shares. After the transaction, Egil Hogna and his close associates hold 1 148 048 shares in the Company.

Erlend Haugland Næs, deputy board member, purchased 924 shares and has been allocated 462 matching shares. After the transaction, Erlend Haugland Næs and his close associates hold 142 931 shares in the Company.

Farah Al-Aieshy, EVP Sweden, purchased 7 296 shares and has been allocated 3 602 matching shares. After the transaction, Farah Al-Aieshy and her close associates hold 169 796 shares in the Company.

Hege Njå Bjørkmann, EVP Communication and Brand, purchased 3 830 shares and has been allocated 1 878 matching shares. After the transaction, Hege Njå Bjørkmann and her close associates hold 144 180 shares in the Company.

Helge Hesjedal Wiberg, board member, purchased 462 shares. After the transaction, Helge Hesjedal Wiberg and his close associates hold 40 600 shares in the Company.

Janicke Garmann, EVP Sustainability and Staff, purchased 3 401 shares and has been allocated 3 401 matching shares. After the transaction, Janicke Garmann and her close associates hold 734 057 shares in the Company.

Kathrine Duun Moen, EVP Technogarden, purchased 7 106 shares and has been allocated 3 477 matching shares. After the transaction, Kathrine Duun Moen and her close associates hold 109 737 shares in the Company.

Kjell Selfors Nilsen, deputy board member, purchased 462 shares. After the transaction, Kjell Selfors Nilsen and his close associates hold 107 575 shares in the Company.

Lars-Petter Nesvåg, board member, purchased 924 shares and has been allocated 462 matching shares. After the transaction, Lars-Petter Nesvåg and his close associates hold 668 733 shares in the Company.

Sandra Kuru, board member, purchased 924 shares and has been allocated 462 matching shares. After the transaction, Sandra Kuru and her close associates hold 6 649 shares in the Company.

Sigri Rosø Pladsen, deputy board member, purchased 308 shares and has been allocated 308 matching shares. After the transaction, Sigri Rosø Pladsen and her close associates hold 3 635 shares in the Company.

Sten-Ole Nilsen, EVP Renewable Energy, purchased 2 955 shares and has been allocated 2 955 matching shares. After the transaction, Sten-Ole Nilsen and his close associates hold 587 105 shares in the Company.

Sverre Eide Holst, deputy board member, purchased 924 shares and has been allocated 462 matching shares. After the transaction, Sverre Eide Holst and his close associates hold 50 924 shares in the Company.

Sverre Hødnebø, general counsel, purchased 488 shares and has been allocated 488 matching shares. After the transaction, Sverre Hødnebø and his close associates hold 5 751 shares in the Company.

Sylvia Teige, director group finance, purchased 2 007 shares and has been allocated 1 545 matching shares. After the transaction, Sylvia Teige and her close associates hold 182 335 shares in the Company.

Thomas Bolding Rasmussen, EVP Denmark, purchased 9 795 shares and has been allocated 4 804 matching shares. After the transaction, Thomas Bolding Rasmussen and his close associates hold 184 795 shares in the Company.

Vegard Jacobsen, EVP Norway Regions, purchased 3 424 shares and has been allocated 3 424 matching shares. After the transaction, Vegard Jacobsen and his close associates hold 389 924 shares in the Company.

The shares were acquired from Norconsult’s holding of own shares. After the transactions the company holds 22 072 899 shares.

See details about the transactions for primary insiders reported to Finanstilsynet enclosed.

For further information, please contact:

Investors: Elin Spieler, Head of Treasury and IR manager, IR@norconsult.com

Media: Henrik Charlesen, Senior Communication Advisor, Henrik.Charlesen@norconsult.com

This information is subject to the disclosure requirements in the Market Abuse Regulation article 19 and section 5-12 of the Norwegian Securities Trading Act.

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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 centred around knowledge hubs and local presence through approximately 6,300 employees across around 140 offices in Norway, Sweden, Denmark, Iceland, Poland and Finland.