Sandvika, 13 December 2023 (OSE: NORCO): The Scandinavian technical constructor
and service partner GK has selected Norconsult Norge for detailed planning of
the ventilation system at Livsvitenskapsbygget (the life sciences building) in
Oslo.

Livsvitenskapsbygget will be a joint facility for leading university and
hospital environments within life sciences, and will ensure Norway's
international competitiveness in the area. Both the University of Oslo and the
Division of Laboratory Medicine at Oslo University Hospital will be based here.
Substantial parts of the 97,500 square meter building will be research and
teaching laboratories with highly advanced equipment.

"This contract highlights Norconsult`s ability to offer tailored technical
expertise in projects like Livsvitenskapsbygget and we look forward to work
closely with GK to meet Statsbygg`s high expectations. The project is ambitious
and demanding due to its size, complexity, and high digital ambitions, and
necessitates a high level of expertise from our employees," says Bård Hernes,
EVP Norway Head Office at Norconsult.

Norconsult`s revenue from the contract is estimated to be approximately NOK 70
-80 million.

For further queries, please contact:

Investors: Dag Fladby, CFO, IR@norconsult.com

Media: Henrik Charlesen, Senior Communication Advisor,
henrik.charlesen@norconsult.com

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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 6,200 employees across more than 130 offices in Norway, Sweden,
Denmark, Iceland, Poland and Finland.