Significant options exercised for architectural services for the new Drammen hospital to the Multiconsult group

Reference is made to the stock market announcement on 5 December 2017 where Multiconsult announced three new contracts with Helse Sør-Øst for the new Drammen hospital. In the contract for architectural services to LINK arkitektur, together with Ratio arkitekter AS and Bølgeblikk AS as subcontractors, Helse Sør-Øst RHF has triggered options for detailed design and supervision of the construction phase. The total value to Multiconsult’s subsidiary LINK arkitektur is estimated to approximately NOK 56 million.

4. December 2018

The work will begin late 2018 and is estimated to continue until 2025.

The new hospital in Drammen will be approximately 122 000 m2 and will be a local hospital for the municipalities Lier, Drammen, Nedre Eiker, Røyken, Hurum, Sande and Svelvik as well as district hospital for the whole of Vestre Viken. The hospital is designed to meet the need for specialist health services for a population of approximately 500 500 inhabitants.

The exercise of the options are subject to formal approval from the board of directors in Helse Sør-Øst on 31 January 2019. The options will be registered in the order backlog of LINK arkitektur upon the formal approval.

For further information, please contact:

Investor relations:
   Mirza Koristovic, Head of Investor Relations
   Phone: +47 93 87 05 25

   Gaute Christensen, VP Communications
   Phone: +47 911 70 188

Multiconsult is a leading Norwegian multidisciplinary engineering consulting company, with more than 2 800 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.