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NORCO: Reversal of awarded contract with Anlegg Øst Entreprenør

NORCORegulatory press release03.07.2026, 16.10
Sandvika, 3 July (OSE: NORCO): Reference is made to announcement of May 27th
2026, in which Norconsult informed of a contract in partnership with contractor
Anlegg Øst Entreprenør AS, for the design and construction of substations for
Statnett.

Norconsult has been informed that Statnett received a complaint regarding the
award during the standstill and that, following a thorough review of the
complaint, has reversed its award decision.

***

For further information, please contact:

Investors: Christian Salbu Aasland, SVP Investor Relations & Business
Intelligence, IR@norconsult.com

Media: Henrik Charlesen, Head of External Communications,
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 clients 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 7,200 employees across more than 140 offices in
Norway, Sweden, Denmark, Iceland, Poland and Finland.
Sweden\, Denmark\, Iceland\, Poland and Finland.\