Board and management applies for shares in Multiconsult

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PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS STOCK EXCHANGE NOTICE

Board and management applies for shares in Multiconsult

12 May 2015; Multiconsult ASA (Multiconsult, ticker MULTI)

On the first day of the application period for the retail offering of Multiconsult, the following primary insiders, including members of the Board of Directors and the management of Multiconsult applied for shares, and are guaranteed allocation of such offer shares, as part of the ongoing initial public offering and listing of Multiconsult:

• Steinar Mejlænder-Larsen (Chairman) has applied for offer shares for a total amount of NOK 500,000
• Arne Fosen (board member) has applied for offer shares for a total amount of NOK 250,000
• Vibeke Strømme (board member) has applied for offer shares for a total amount of NOK 200,000
• Line Haugen (board member) has applied for offer shares for a total amount of NOK 300,000
• Nigel K. Wilson (board member) has applied for offer shares for a total amount of NOK 500,000
• Kari Medby Loland (board member, employee representative) has applied for offer shares for a total amount of NOK 10,500
• Freddy Evert Holstad (board member, employee representative) has applied for offer shares for a total amount of NOK 100,000
• Christian Nørgaard Madsen (CEO) has applied for offer shares for a total amount of NOK 200,000
• Anne Harris (EVP & CFO) has applied for offer shares for a total amount of NOK 450,000
• Øyvind Holtedal (EVP Market & Strategy) has applied for offer shares for a total amount of NOK 100,000
• Elisabeth M. Stene (EVP and Chief HR Officer) has applied for offer shares for a total amount of NOK 100,000
• Grethe Bergly (EVP Greater Oslo Area) has applied for offer shares for a total amount of NOK 200,000

All board members and management applicants in the retail offering will receive full allocation for their applications up to NOK 500,000. All board members and management will have a 12 month lock-up for their allocated shares.

The applications have been made according to the terms and conditions for the offering described in the prospectus dated 8 May 2015 prepared in connection with the offering.

The Prospectus is, subject to regulatory restrictions in certain jurisdictions, available at www.multiconsult.no, www.abgsc.com, and www.arcticsec.no. Hard copies of the Prospectus may be obtained free of charge from 11 May 2015 at the offices of Multiconsult at Nedre Skøyen vei 2, 0276 Oslo, Norway, or by contacting one of the Managers.

For further queries, please contact:

Mitra Hagen Negård, Head of Investor Relations
+47 95 79 36 31
investor.relation@multiconsult.no

About Multiconsult

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 operating revenues. The Company focuses on six market areas; Buildings & Properties (33%), Transport & Infrastructure (31%), Energy (16%), Oil & Gas (12%), Industry (4%) & 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”, «intends», «estimate», «will», «may», «continue», «should» 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 announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement 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.