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, 20 November 2023: Reference is made to the stock exchange announcement
by Norconsult ASA (the "Company") on 10 November 2023 where the Company
announced the beginning of the stabilisation period related to the initial
public offering of shares in the Company (the "Offering").

The Company has received notification that Carnegie AS, acting as stabilisation
manager in the Offering, has taken the stabilisation measures set out in the
attached notifications with respect to the shares of the Company.