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NORCO: Norconsult awarded contract with St. Olavs Hospital

NORCOSelskabsmeddelelse30.04.2026, 09.35
Sandvika, 30 April 2026 (OSE: NORCO): Norconsult, including the subsidiaries
Metier and Nordic Office of Architecture with Ratio arkitekter, have been
selected as design group for the new Center for Mental Health on St. Olavs
Hospital in Trondheim, Norway.

The Center for Mental Health is being established as a collaboration between St.
Olavs Hospital and NTNU. The center will focus on acute psychiatric care for
substance abuse and mental health and incorporate academic expertise.

The project is delivered under an IPD (Integrated Project Delivery) contract,
which is based on close collaboration between the client, consultants, and
contractor from an early stage. The model is characterized by shared objectives,
open-book financials, and the sharing of risks and rewards, enabling higher
quality outcomes, reduced conflict, and more efficient decision-making
processes. The project places high demands on the integration of architecture,
functionality, safety, and health-promoting environments, while being carried
out in an area with ongoing hospital operations.

"We are proud to secure this assignment, which addresses one of society's most
important health challenges. Mental health necessitates careful planning,
thoughtful design, and effective interdisciplinary cooperation. We are committed
to providing our expertise in collaboration with our partners at St. Olavs
Hospital, NTNU and Sykehusbygg" says Bård Hernes, EVP Head Office at Norconsult.

The project is scheduled to commence in the first half of 2026, with completion
anticipated in 2032. The estimated value of the contract is NOK 180 million.

The nomination of the contract to Norconsult is subject to a standstill period
which expires on 11 May.

***

For further information, please contact:

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

Media: Henrik Charlesen, Head of External
Communication, 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 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.