The target price agreement is part of and a continuation of the Alliance Agreement between The City of Oslo, Multiconsult with partner and AF Gruppen signed in October 2022. Multiconsult's share of the target price agreement, together with Asplan Viak AS as partner, and COWI AS as subcontractor, is estimated to exceed NOK 430 million. Project work has already commenced, with approximately 25 per cent of this phase completed due to prior construction activities. Most of the remaining work is expected be conducted by the end of 2027.

Oslo's new water supply system aims to provide a redundant source by 2028, ensuring a secure drinking water supply for the city's residents, today 90 per cent of them currently rely on a single source. Multiconsult Norge AS, has been involved in developing Oslo's new water supply since 2017.

For further information, please contact:

    Investor Relations:
    Pål-Sverre Jørgensen, Group Treasurer & IRO
    Phone: +47 416 111 61                
    E-mail: psmj@multiconsult.no/ ir@Multiconsult.no

    Media:               
    Gaute Christensen, VP Communications              
    Phone: +47 911 70 188              
    E-mail: gaute.christensen@Multiconsult.no