Reversal of awarded contract with Anlegg Øst Entreprenør

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.

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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.