Sandvika, 12 December 2024 (OSE: NORCO): Nordic Office of Architecture AS, a subsidiary of Norconsult ASA, is ranked as the number one architect in a framework agreement with the Icelandic aviation group, Isavia, for the development of Keflavik airport.

Nordic Office of Architecture is part of the "Avro Design Group" together with Efla and Rambøll, and the Group were ranked as number 1 for "Architecture". In addition, the group was ranked number 1 in the categories lighting/specialised lighting, wind analysis, and fire design and commissioning. The offers chosen were considered the most advantageous for Isavia according to the selection criteria in the tender description.

"This is a significant recognition of Nordic Office of Architecture`s position in the international airport domain, and an acknowledgment of our highly skilled architects, both in Iceland and Norway. We are very proud of this opportunity and look forward to collaborating with Isavia and the Avro Design Group, being a part of a highly competent team continuing the development of Icelandic infrastructure," says Bård Hernes, EVP Norway Head Office at Norconsult.

The duration of the framework agreement is 4 years with possible extensions for up to 4 additional years (8 years in total). Norconsult`s revenue from the design contract of the project (excluding options) is estimated to NOK 200 million with an expected commencement in the first quarter of 2025.

The award of the contract is subject to a stand-still period and may be appealed by the parties who were not selected until 23 December.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

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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

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 6,500 employees across around 140 offices in Norway, Sweden, Denmark, Iceland, Poland and Finland.