Sandvika, 16 October 2025 (OSE: NORCO): Reference is made to the stock exchange announcement dated 6 August 2025 regarding the completed acquisition of the Aas-Jakobsen Group by Norconsult ASA ("Norconsult"). Following the acquisition, employees from the Aas-Jakobsen Group were invited to participate in the existing Norconsult employee share program for 2025 ("Employee Share Program")  

As part of the program, 185 employees from the Aas-Jakobsen Group purchased a total of 85 092 shares. This includes 39 144 matching shares. Norconsult is pleased to report a high level of engagement, with 84% of eligible Aas-Jakobsen employees choosing to become shareholders. This strong participation reflects the employees' commitment. 

The transaction follows the framework of Norconsult's existing employee share programs, which includes discounted shares and matching shares, and is in line with previously communicated parameters.  

For discounted shares, the purchase price is equal to the volume-weighted average share price for the Norconsult's shares on the Oslo Stock Exchange during the last ten trading days prior to, and including, the last day of the subscription period, 15 October 2025, with a discount of 20%.  

For matching shares, the purchase price is equal to the volume-weighted average share price for the Norconsult's shares on the Oslo Stock Exchange during the last ten trading days prior to, and including, the last day of the subscription period, 15 October 2025. 

The shares were acquired from Norconsult's holding of own shares. After the transactions the company holds 7 248 072 shares. 

For further information, please contact:  

Investors: Christian Aasland, SVP IR and Business Intelligence, IR@norconsult.com  
Media: Henrik Charlesen, Senior Communication Advisor, Henrik.Charlesen@norconsult.com

This information is published in accordance with the requirements of the Continuing Obligations and is subject the disclosure requirements pursuant to 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 centered around knowledge hubs and local presence through approximately 6,600 employees across more than 140 offices in Norway, Sweden, Denmark, Iceland, Poland and Finland.