NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA OR
JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES
DESCRIBED HEREIN.

Sandvika, 10 November 2023: Reference is made to the stock exchange notice by
Norconsult ASA (the "Company", OSE ticker. NORCO) on 8 November 2023 regarding
completion of the bookbuilding in the initial public offering of shares in the
Company (the "Offering") and the Company's announcement earlier today regarding
commencement of trading in the Company' shares on the Oslo Stock Exchange,
today.

Carnegie AS (the "Stabilisation Manager") may, on behalf of the Managers (as
defined below), engage in stabilisation activities from today, 10 November 2023,
to and including, 8 December 2023 (the "Stabilisation Period"). Any
stabilisation transactions will be aimed to support the market price of the
Company's shares.

In connection with the Offering, the Managers have over-allotted a total of
14,269,044 shares in the Company to the applicants in the Offering, equalling
approximately 15% of the total number of new shares initially allocated in the
Offering.

In order to permit delivery in respect of the over-allotments made, the Company
has lent to the Stabilisation Manager, on behalf of the Managers, a number of
existing shares in the Company equal to the number of over-allotted shares. For
further details on over-allotment and stabilisation activities, please see the
prospectus dated 27 October 2023 prepared by the Company (the "Prospectus").

Further, the Company has granted to the Stabilisation Manager, on behalf of the
Managers, an over-allotment option with a right to purchase up to 14,269,044
existing shares in the Company at a share price of NOK 19, which is equal to the
offer price in the Offering (the "Offer Price"). The over-allotment option is
exercisable, in whole or in part, by the Stabilisation Manager, on behalf of the
Managers, within the Stabilisation Period. The Stabilisation Manager may close
out the short position created by over-allotting shares in the Offering by
purchasing shares in the open market through stabilisation activities and/or by
exercising the over-allotment option.

The Stabilisation Manager may effect transactions with a view to supporting the
market price of the Company's shares at a level higher than what might otherwise
prevail, by buying shares in the Company in the open market at prices equal to
or lower than (but not above) the Offer Price. There is no obligation on the
Stabilisation Manager to conduct stabilisation activities and there can be no
assurance that stabilisation activities will be undertaken. If stabilisation
activities are undertaken, they may be discontinued at any time, and must be
brought to an end upon or before expiry of the Stabilisation Period.

Any stabilisation activities will be conducted based on the same principles as
set out in article 5(4) of the EU Market Abuse Regulation and chapter III of the
supplemental rules set out in the Commission Delegated Regulation (EU)
2016/1052, as implemented into Norwegian law by Section 3-1 of the Norwegian
Securities Trading Act, with regard to regulatory technical standards for the
conditions applicable to buy-back programmes and stabilisation measures.

If stabilisation activities are undertaken, information on the activities will
be published no later than seven trading days following such transaction(s).
Further, within one week after the expiry of the Stabilisation Period, the
Company will publish information as to whether or not price stabilisation
activities were undertaken. If stabilisation activities were undertaken, the
statement will also include information about: (i) the total amount of shares
sold and purchased