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1 ANNUAL REPORT 2009

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Norconsult's annual report for 2009. Norconsult is a Norconsult is a multidisciplinary engineering and design consultancy, providing services to clients in public and private sectors worldwide.

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Page 1: Annual Report 2009

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ANNUAL REPORT 2009

Page 2: Annual Report 2009

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Page 3: Annual Report 2009

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Contents 4

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CEO’s report

A glance at 2009

- Norconsult - a group with broad scope

- Norconsult increases its international efforts

- Focusing on a sustainable future

- Knowledge sharing - making the total greater than the

individual factors

- Technology and innovation

Business areas and projects in 2009

- Buildings

- Energy

- Environment

- Industry

- Oil and gas

- Planning

- Risk management

- Transport

- Water

Financial highlights 2009

- Income statement

- Balance sheet

Our offices

ill. A-Lab.

© N

orsk Hydro

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Continued progress in a challenging year

During the last year, Norconsult has expanded both its number of services and the company’s overall capacity. Expansion has been done by organic growth, by establishing new busi-nesses and by acquisitions. Acquisitions are done by central headquarters and by a number of our regional offi ces. Despite the recent rather turbulent market situation, Norconsult has reached a record turnover of NOK 2.012 mill. This is an increase of NOK 100 million compared to the previous year. The profi t margin is slightly higher than 10% and demonstrates the company's earning capacity and fi nancial strength. Good results are essential for motivation and fi nancial freedom. Results also demonstrate the company’s muscle to further develop in the ever changing marketplace.

Stronger market intervention - increased competitiveness Throughout the past year the company increased its employment level substantially. This adds a signifi cant resource of valuable expertise and at the same time creates new market opportunities. At the beginning of 2010, the Norconsult Group had about 1.700 employees. This is double the number of employees we had fi ve years ago. Our goal is to develop an employee-owned, multidisciplinary company that is a serious challenge for major international players. Growth is an important factor in strengthening our competitiveness and maintaining our leading position. As part of this strategy, we acquired Modalsli Engineering AS, Sletten Finnmark AS and Sigvart Ellingsen AS in Norway. In Sweden, we acquired Mecad AB and Mark & Ingenjörerna Vatten AB. In Denmark, Envicare ApS became part of our family and in Mozambique, we acquired SAL CDS.

Norconsult has shown signifi cant growth in recent years. Our challenge today is to include and consolidate the acquired companies, to identify synergies and to ensure that they are integrated parts of the Norconsult Group.

2009 was a very challenging year for the construction industry. The fi nancial crisis slowed down activities within several of our business areas. But despite the tougher con-ditions, we have been able to exploit oppor-tunities in the market and come out strongly of a diffi cult time. Sharing knowledge and working together effectively across different professional disciplines, organizational and geographical lines, will continue to be critical to our competitiveness in the years to come.

Decentralized organization - one brand Norconsult has a fl at organizational structure. Local insight about our customers and the individual projects are key factors to success. As Norway's largest consultancy on environmental issues we need to offer our customers premium human resources.

We invested signifi cant resources in 2009 in our intranet. We also developed our disciplinary networks and improved the company’s IT infrastructure in general. A signifi cant effort was made to enhance the governance of our assignments. We constantly work to streamline operations to become more effi cient in our assignment execution and are preparing ourselves to meet even tougher competition in the future.

Norconsult offers consulting on a high level for a variety of disciplines. The company has a number of organizational units which give us local presence with offi ces in many countries. The goal is that the brand and the entire Norconsult group of companies will be perceived as a consistent and strong supplier in our different markets.

Creating value through assignments Our business is entirely based on creating added value for our clients through our assignments. We deliver annually on ca 7.000 small and large contracts, each assignment being a separate business unit. From the beginning, our organization must have the ability to ensure that Norconsult and the customer have a common understanding of the goals, the challenges, progress of the assignments and deadlines. The challenge then is to ensure that we have the relevant expertise and capacity available to carry out the assignment as agreed. Good skills in contract management and project management in general and not least good, and open communication with our client during the whole process are key factors to success.

It is in our assignments that we demonstrate our skills. It is through the most competent employees we make the difference compared to our competitors and become the customer’s preferred partner.

Corporate Responsibility Norconsult must demonstrate a high level of corporate responsibility. The advice we give to our customers must protect the society, as should the solutions we select in relation with our own operations. For years we have built up signifi cant expertise in risk assessment and emergency preparedness which has lead to increased business. Full understanding and active communication between Norconsult and our clients are crucial in every assignment, regardless of size.

CEO’s report:

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The culture of Norconsult is deeply rooted in principles of honesty and respect for other people. A successful and lasting business enterprise depends on trust and a good reputation both with customers and with society in general. Norconsult has developed and follows ethical guidelines for the company’s activities, ensuring that every individual acting on behalf of Norconsult, will act ethically and in accordance with the company’s standards.

Rapid technological development and sustainable construction The building and construction industry is rapidly adapting to new methods and tools born out of the digital revolution. From 2D and 3D, we are now moving to the concept of Building Information Modelling (BIM). This development creates new and exciting opportunities for construction and building. Opportunities are mostly in the form of a closer and more committed relationship between the different stakeholders in every building project we undertake. Together with the technological focus we also need to work hard on reducing our impact on the environment. As the biggest player in our industry, it is natural that we are among the leaders in this development. This gives us a two-fold benefi t. First we take on responsibility for the development of a sustainable construction industry - at the same time we give ourselves a competitive edge by implementing state-of-the-art technology and insight to serve the needs of the market.

Internationally - a new takeFor more than 50 years Norconsult has worked to be recognized as a responsible and international partner in building sound communities. We have planned and built vital infrastructure in some of the world's poorest and most war-torn countries. We are proud of our achievements in this area. It also demonstrates that we include responsible content in our consulting activities. Norconsult is a leading and recognized player in select markets. Through the year we have been present through assignments in 49 countries. Turnover outside the Nordic region is ca NOK 200 million. Through 2009 we have continued our efforts to develop a new international organization at our headquarters in Sandvika, Norway, as well as in South America and Southern Africa. All with special focus on renewable energy. As a world leader in hydropower engineering, we are both an attractive partner for Norwegian companies abroad as well as an attractive workplace for highly skilled professionals. In a world with increasing greenhouse gas emissions, Norconsult works hard to help reduce these emissions. Emerging economies often have a far greater potential for new hydropower solutions than the mature markets.

In 2009 we established one new offi ce in Chile and one in Botswana. Norconsult´s expertise has been well received. The resulting activity is promising and indicates that we are on the right path. If we are to succeed, we need to establish strong local offi ces that can leverage Norconsult’s managerial resources, expertise and experience when needed.

The road ahead Norconsult Group's fi nancial strength, expertise, market position and assignment backlog is a solid platform for the company in the future. We have clear ambitions for continued expansion. Although the level of activity at the beginning of 2010 is slightly reduced compared to the same time last year, Norconsult has several pillars that support the business. There will always be good opportunities for players who are able to react rapidly and in sync with market needs.

In most areas where the company operates, the market outlook is considered positive. However, we expect continued strong price competition and pressure on our profi t margins. The markets within infrastructure, energy and the environment will continue to remain strong. The industrial markets are somewhat weaker than before, while the building and property market is expected to improve slightly this year. Economic indicators on a worldwide basis point in a positive direction. It is reason to hope for a slow recovery towards more normal activity levels ahead, globally.

We have won a number of assignments in 2009 in tough competition. These wins are not a result primarily because of low pricing, but more because of our expertise and high work quality. We intend to win more in 2010. We believe that ongoing processes and programmes for improvement will deliver positive results, both for owners, employees, customers and partners.

Ability, will and a desire for change and renewal will continue to be our most important attribute as a company in the years to come. We believe that Norconsult will continue to be the infl uential player through our strong focus on expertise that are commercially relevant for our customers - and serve the world community.

John Nyheim CEO

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An inspection round during the construction of Holmenkollen ski jump, Oslo, Norway Norconsult has designed the new ski jump Holmenkollbakken”, including the steel structure of the new takeoff ramp, the landing, spectator’s stands and all technical installations. We will continue with the fi ne-tuning and completion right up to the FIS Nordic World Ski Championships 2011.6

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A glance at 2009

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The company contributes to a sustainable society through innovative and targeted consulting services - from develop-ment of ideas and overall planning to the engineering and operational support. Norconsult is very sensitive to the impact our consulting has on people’s everyday lives, their work and to the communities they live in. Therefore, the company actively works to ensure that all social considerations are taken care of in our processes.

In addition to infl uencing the community through consulting, Norconsult is also very conscious about the company’s role in its business operations. Norconsult is a key player in local and national communities where we are present. Our business and our work have consequences and affect both the environment and the society. Norconsult focuses strongly on minimizing environmental impacts associated with the company’s operations.

Thousands of contracts of all sizes Annually Norconsult delivers a large number of assignments both in the private and the public sectors. Assignments range from large and long-term contracts dominated by multidisciplinary team efforts, to small, short term studies and pre-projects, where expertise and consulting experience

Norconsult is Norway’s and one of Scandinavia’s largest multidiscipli-nary engineering and design con-sultancies. We have a long and solid history as a leading player both nationally and internationally.

Norconsult - a groupwith broad scope

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dominate. Norconsult’s broad resource base secures that necessary capacity is available to execute assignments varying both in content and size. At the end of 2009 Norconsult had about 1,700 employees (including subsidiaries), 1,350 located in Norway and 350 in other countries.

Norconsult has a wide geographical presence. We focus on local presence combined with development of local skills.The concept is that local experts can profi t from the huge pool of expertise and experience across the organization. In 2009the company had 32 local offi ces in Norway, important regional business in Sweden with eight local offi ces, two offi ces in Denmark, permanent presence in Africa (Botswana and Mozambique), Asia (Philippines, Laos and Thailand) and South America (Chile). At the same time the company had also established several project offi ces.

Structure Norconsult is owned by its employees, with nobody holding more than 2% of the shares. This means that the company has a diversifi ed ownership structure, where each employee has a responsibility for the company’s development and is also infl uential about its future.

Year 2009

• Norconsult took over the operations in the following companies:

Norway: Modalsli Engineering AS, Sletten Finnmark AS and Sigvart Ellingsen AS Sweden: Mecad AB, Mark & Vatten AB Denmark: Envicare ApS Mozambique: SAL-CDS • Turnover: Increased by 5.3% from NOK 1,911.4 million in 2008 to NOK 2,012.8 million in 2009 • Operating profit: NOK 206.0 million in 2009, compared to NOK 211.6 million in 2008 • International sales: 20% of total turnover • Norconsult had projects in 49 countries• Number of employees: Increased by 5.6% from 1,610 in 2008 to 1,700 in 2009 • Norconsult had 32 offices in Norway and 16 offices in other countries

Number of employees

’06 ’07 ’08 ’09

1800

1600

1400

1200

1000

800

600

400

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0

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Over the last 50 years, Norconsult has worked on projects in more than 150 countries. We have conducted a series of new measures and are wellequipped to compete in the international market.

Norconsult increases its international efforts

From one of the world’s largest aluminium plants in Qatalum, Qatar Norconsult has participated in the team developing the world’s largestaluminium plant in Qatar. The client is Qatalum, a private enterpriseowned 50% by Norsk Hydro and 50% by Qatar Petroleum.

© N

orsk Hydro

Outside the Nordic countries

Turnover Norway - Worldwide

Nordic countries excluding Norway

Norway

10 %10 %

80 %

Turnover Worldwide (excluding the Nordic countries)

America

Africa

AsiaEurope excluding the Nordic countries

Middle East

39 %

32 %16 %

6 %

7 %

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By the end of 2009 Norconsult had projects in 49 countries and 350 employees outside of Norway. As part of the efforts of expanding and increasing the international activities, a new business unit with special focus on renewable energies in emerging markets was established, as well as local companies in three selected regions of the world.

Assignments throughout all of EuropeIn addition to our Nordic offi ces, in 2009 Norconsult had active assignments throughout Europe – including Albania, Belgium, Estonia England, Netherlands, Poland, Russia, etc. Norconsult continues to build presence in the Nordic region through acquisitions, organic growth and cooperation across borders.

SWEDEN In 2009 the Norconsult AB's operations in construction-related services were affected by the global economic downturn. Activities in other sectors were little affected. We made two acquisitions during the year, Mecad AB and Mark och Ingenjörerna Vatten AB. At the end of 2009 Norconsult AB had a total of 240 employees in Sweden. Our strategy is to develop the company further and take an even clearer market position.

DENMARK Early in 2008 Norconsult in Denmark was established. At the end of 2009, we had a total of 12 employees in two offi ces, respectively in Copenhagen and Aarhus. Consulting within the water and sewage, environment

and pharmaceutical industry are the primary business areas of this subsidiary. In 2009, Norconsult Denmark was involved in several projects within the pharmaceutical industry including project management and validation tasks. In addition, the company completed projects within municipal water treatment plants, especially in process and energy optimization.

Local presence in emerging marketsNorconsult has been engaged on infrastructure projects in most emerging markets during decades. Traditionally, a large number of Norconsult´s overseas projects have been linked to the aid market. This has changed signifi cantly. Norconsult still has its good position in aid and development, but today we also have a strong and increasing number of non-governmental customers internationally.

During 2009, Norconsult has developed and implemented a strategy of local presence even further, with focus on markets in Southern Africa, South America and South East Asia. These areas are regarded as regions with large potential for development, among other things - in renewable energy.In this fi eld Norconsult can make an important contribution.

Our specifi c areas of expertise and locally established companies are major factors of success to our international activities. We have local staff with expertise in all our priority areas. We have built local organizations in combination with expert knowledge and management resources from Norway.

Proud employees outside Norconsult’s newly establishedoffi ce in Gaborone, Botswana 11

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Temporary project offi ces in other locations are established when needed. New establishments in other regions with promising potential are evaluated continuously.

SOUTH AMERICA In South America, Norconsult has establish-ed a local company and offi ce in Chile (Santiago), and during 2009 we established a project offi ce in Peru (Lima).

AFRICA In Africa Norconsult has a local company and offi ceestablished in Mozambique (Maputo). In 2009 there was esta-blished a new company and offi ce in Botswana (Gaborone), and plans for the establishment of another local company and offi ce in South Africa (Johannesburg) were well underway. With this, we have strengthened our presence in southern Africa. During 2009 Norconsult had active projects throughout the continent – including Angola, Ethiopia, Ghana, Kenya, Sudan, South Africa, Tunisia, etc.

ASIA In Asia Norconsult has local companies and offi ces in Laos (Vientiane), Philippines (Manila) and Thailand (Bangkok). During 2009 Norconsult had active projects throughout the continent – including Afghanistan, China, Iraq, Nepal, Oman, Qatar, Vietnam, etc.

International development program for young employees In cooperation with the Norwegian Peace Corps, Norconsult established in 2009 an international development program for younger candidates – Young Professionals. The program is part of a long-term strategy aimed to develop tomorrow's managers with international experience. The program provides young engineers with a unique expertise. The fi rst participants in the program moved to their new countries of residence in autumn 2009/winter 2010.

The exchange of participants is based on a partnership between two or more businesses. They are all supported by the Peace Corps with the intention to transfer and share knowledge, experience and skills. All exchanges happen both ways, sending and receiving participants.

Much good comes out of a partnership across the border, and we have much to gain ourselves. We at Norconsult Sweden think it is especially exciting to have contributed to a Norwegian national icon like the Holmenkollen skijump arena. Ljot Strömseng, President – Norconsult AB

Our success in emerging markets is fi rst and foremost about how to establish expertise locally. Our commitment is about the transfer of expertise between the Norwegian expatriates and local and regional employees. Ola Norderhaug, Head of international operations

Much good comes outt off a partn

To be able to infl uence and improve power supply in a continent that has so much lack of infrastructure, but so much potential, is professionally exciting. In addition it is very rewarding. Marte Gammelsæter, MSc and participant of the Young Professionals programme – stationed in Botswana

After several years stationed in different places – Zambia, Tanza-nia and most recently Afghanistan, it has become diffi cult to say no to foreign missions - there are so many exciting projects and issues and challenges are often completely different from those I meet at home. Ingvild Helland, MSc – stationed in Afghanistan

AftAfterer severall years stationed in

“ “

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Focusing on a sustainable future

Norway is a small country. However, we are among the world leaders when it comes to energy expertise. Our country has been a pioneer in the energy sector and has been in the lead in the international development through more than a hundred years, especially in hydropower. The international potential for the Norwegian energy industry is substantial. Consulting services and development of new methods to optimize production and distribution of renewable energy, and to communicate the results, are some of Norconsult’s most important business areas.

In the fi eld of renewable energy, Norconsult has been an attractive consultant for a long time, both nationally and internationally. The obvious reason is our strong focus on developing new methods for production effi ciency and increase in utilization of renewable energy. Norconsult focus on geographical areas where the new solutions as soon as possible will produce real effects.

The commitment to developing countries and emerging economies Approximately 1.6 billion people in the world today has no access to electricity. Effi cient production and stable distribution of energy in developing countries and in emerging markets

World population is expected toincrease with 40% by 2050. This is a global challenge. When it comes to the energy supply, it should stimulate economic development, while people and the environment are protected. One can only secure a sustainable development with increased use of renewable energy and at the same time increase the individual awareness of effective energy consumption.

Wind turbines in the Faroe Islands Norconsult has evaluated opportunities for combined use of wind power and pumped storage hydropower for SEV, the Faroese intermunicipal power company. The objective is to replace power produced by fossil fuels with a combination of wind power and pumped storage hydropower.

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is a global challenge. This is also an opportunity. These countries often have large land areas with small and very spread out populations. This creates diffi culties in providing a stable supply of electricity and blackouts is often the result. There is often a shortage of local funds and also modest local expertise to develop the necessary infrastructure. Utilization of renewable energy is still under development. It is therefore the industrial countries’ challenge and responsibility to ensure that developing countries and emerging markets have access to expertise and incentives to implement the clean energy. This will help ensure the global reduction of greenhouse gas emissions.

Emerging markets often have a much greater potential for rapid exploitation of new hydroelectric power than mature markets. The simple reason is that they do not have to take the cost of replacing existing infrastructure. Therefore, the regions Norconsult has selected for its international activities are particularly interesting for further developmentof renewable energy.

CASE: Faroe Islands - research on the optimum utilization of wind- and hydropower Norconsult is actively developing new methods for rational-izing the utilization of renewable energy. A project on the Faroe Islands that started in 2009 focuses on how to optimize the power potential of wind- and hydropower in combination with pump power.

The Faroe Islands are a small island group with only 50,000 inhabitants. Diesel generators cover 60% of the energy generation today. Faroese authorities aim to replace diesel-generated electricity with renewable energy. Hydropower is almost fully developed, and the remaining hydropower potential is small.

The Faroe Islands have strong, but turbulent winds. Experi-ences from existing wind turbines in the Faroe Islands has shown that the local wind creates signifi cant mechanical problems. Wind power generation has also led to trouble for the islands’ net stability. It was therefore skepticism about whether the new wind power could be applied.

In recent years there has been great progress made in generator technology in wind turbines. Energy generation by modern turbines is therefore not directly comparable with the generation of old wind turbines. It is also possible to stabilize the transfer from the wind farm to the network with fl ywheels and electrical energy storage devices. These devices can absorb or generate large amounts of power within milliseconds. New technology means that wind power share in energy supplies can be increased greatly without this causing major problems for network stability.

Pump power has been tested out to store surplus power from wind turbines. For the pump power to be profi table there must be provided signifi cant quantities of cheap surplus power in the network. Simulations with the coordination of wind, water and pump power were conducted to estimate the distribution of power and the reservoir level in the dams throughout the year at the optimum usage.

Studies have shown that 10 MW of new wind power is both technically feasible and profi table. The power produced can replace diesel-generated electricity without generating a surplus of renewable energy. With 10 MW of new wind power there will not be a power surplus to drive a pump plant. Twice as much new wind power (20 MW) is needed if a combination with pump power could be feasible.

By introducing 20 MW of new wind power the share of renewable energy in the Faroese network can be increased from 40% to approx. 75%.

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Driving force to increase knowledge about more effi cient energy utilizationFor Norconsult it is important to consult large commercial property owners and builders in effi cient energy utilization, as the potential positive environmental impact among these players is substantial. Norconsult has worked with the Norwegian Water Resources and Energy Directorate (NVE) on developing an energy branding program which is currently under implementation in Norway. The program involves an energy certifi cate which includes an energy label displaying a building’s energy standards. The goal is to increase aware-ness about energy solutions that can make commercial and residential buildings more energy effi cient.

We also support efforts teaching the general public in effi cient energy consumption. Norconsult’s client, Enova SF, is owned by the Norwegian Ministry of Petroleum and Energy (MPE), and works to promote environmentally friendly energy consumption and generation. Norconsult has assisted in setting up and handling a free helpline, email service and chat that is available for both professionals and households.

Infl uencing the development of the energy sector It is important for Norconsult to be an active contributor and participate in developing the energy sector. Our focus is on building inhouse skills and to develop the industry together with clients and partners in specifi c projects. It is important for Norconsult to participate in the forums where the focus and framework are discussed.

ENERGY COUNCIL The Norwegian Ministry of Petroleum and Energy (MPE) has seen the need to strengthen coordination and communication with the various participants in the energy sector in mainland Norway. In 2007, the Energy Council was established. This is a new meeting place for top executives from the energy industry together with representatives for the government. Norconsult’s CEO is a member of the Energy Council.

INTPOW In 2009, INTPOW (Norwegian Renewable Energy Partners) was founded, and Norconsult was one of the founding partners. INTPOW is to be a vital forum and a network for Norwegian and foreign companies with activities related to renewable energy. The goal is to help to increase the international competitiveness of member companies. The initiators are the Ministry of Petroleum and Energy, the Ministry of Trade and Industry, Statkraft, Agder Energi, The Norwegian Veritas, Norconsult, Nexans Norway, Navita and Norwegian Solar Power.

Many global and local challenges must be solved in order to offer the world clean energy and thereby ensure a sustain-able development. Norconsult is committed to its social responsibilities and continues to focus on building skills and knowledge in the renewable energy sector in the years to come.

We have developed a software that gives us the chance to simulate the generation of wind, water and pump power, enabling optimal utilization of these natural resources. Franziska Ludescher-Huber, MSc, Project manager and wind power coordinator

If we were to exploit the Norwegian hydropower potential to the full by increasing the generation and transmission capacity, it could replace a substantial part of the coal-fi red power on which the rest of Europe depends. Bjørn Vadholm, MSc and Head of the Hydropower unit

If we were to exploitit thth Ne Norwe

Climate change, resource use and global dispersal of environmental toxins are major challenges facing the global community. It is important to instill the belief that change NOW can make a difference in the future. Everyone can contribute in their own way to make sure that we address the environmental challenges of today and tomorrow pro-actively. Janicke Garmann, Msc and Head of the Environment unit

It is essential to assess the social and economic factors as well as the environmental ones when we plan new energy sources in developing countries. A poorly established infra-structure in an emerging market is particularly vulnerable, and the solutions we choose must be sustainable and underpin the future development of the country, while also taking account of local considerations. Ziping Huang, PhD, Water Power and Dam Construction, International division

t i ti l t th i

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Knowledge sharing - making the total greater than the individual factors

Sharing knowledge is an essentialcompetitive factor in today’s knowledge society. Norconsult is an interdisciplina-ry knowledge business. This means that we must constantly focus on new arenas, state-of-the art tools and methods to sti-mulate development of both the indivi-dual and our common knowledge. We share our professional knowledge and our business expertise.

Norconsult strives to be the most professionally competent and complete consulting company in its industry. To maintain this position employees will constantly be challenged with innovative projects and solutions in our work to further develop society, its building and its infrastructure. The challenge also includes cooperating and developing ideas with some of Norway's and the world's fi nest professionals. This is a professional level you can only fi nd in a multidisciplinary company doing business in many countries.

The quality of our delivery depends on our ability to deal with the many different requirements and expectations we meet. Academic excellence alone is often not good enough. The multidiscipline environment together with the close cooperation with clients and other industry players is critical for premium and consistent results. The mantra is sharing of knowledge - both internally and externally.

Culture of knowledge sharingKnowledge sharing depends essentially on the individual. The desire, the ability and the opportunity to share are all critical factors. Therefore it is important to create and build a culture and an environment which encourage sharing. In reviewing our values, three core values were defi ned:

INSIGHT INCLUSIVE INDEPENDENCE

INSIGHT The combination of deep insight and broad, versatile skills is a balancing act. Academic inquisitiveness and the ability to capture and evaluate relevant trends brings important knowledge to our organization.

INCLUSIVE There are countless academic and personal interfaces in the knowledge business. Interfaces between clients and partners are dynamic spaces for transfer of

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knowledge, impulses from the outside, experience exchanging and interaction in general. All are vital to secure a diversity of ideas and approaches.

INDEPENDENCE In Norconsult the individual has both the right and the duty to freely express his/her views. We support an open culture where everyone’s voice is heard. Norconsult is owned by its employees. This allows us to build a free, open and independent culture. We can provide impartial advice, unaffected by external owners. Norconsult started the work to implement and secure the new value set internally during the autumn of 2009. The implementation will continue in 2010 with an even broader focus. We will do a continuous evaluation and develop a set of principles, processes, organizational structures and technological solutions for knowledge sharing.

Competence - focusing on the leader jerseyProfessional and personal development of employees is a key success factor in our industry. In Norconsult the individual is responsible for the company´s development and can infl uence his or her own work. Workplans include elements of individual challenges to strive for. Signifi cant measures for this are the development of factual competence, formal education for

enhancing competence as well as internal and external courses.

DISCIPLINARY NETWORKS At the end of 2009, Norconsult had 13 active disciplinary networks running. These networks are working across the organizational structure. Each fi eld has its own Technical coordinator. This person is responsible for working actively to facilitate continuous professional updating and improve competence in his/her fi eld. This includes overview over new laws and regulations that affect the particular discipline. This will in turn affect our customers, too. In addition, each Technical coordinator secures the disciplinary quality in all our assignments regardless of localization. Internal disciplinary portals are established and disciplinary gatherings happen frequently. This is crucial to keep the networks running despite some large geographical distances.

THE NORCONSULT SCHOOL In 2009, work started developing our own training program - The Norconsult School. This is an arena for learning and a forum to secure development and maintenance of our knowledge. The educational program includes both disciplinary and management courses. Parts of the program are mandatory for

In eager discussions over an animation of the double tracks Sandnes - Stavanger in Norway The railway line has been expanded from single to double tracks. Norconsult has prepared the construction plan for all involved disciplines, except the signals. The tracks opened in December 2009 and was voted by the industry «Construction of Year 2009».

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employees to cover Norconsult’s different roles and areas of expertise.

Host, contributor and participant in the develop-ment of our industry sectorNorconsult is deeply engaged and makes it a priority to be present at the different professional arenas in our industry. We host and participate in various forums where the academic development is on the agenda.

SEMINARS Norconsult has hosted seminars and workshops of different sizes throughout the year. Some of the seminars in 2009 were:

- ISY days Norconsult Information Systems (NOIS) arranged for the 13th time the ISY-day (formerly NOIS-

day). More than 400 participants were gathered outside of Oslo, Norway. The seminar was in a 2-day format. Content was split into10 parallel tracks, in combination with keynote presentations and mini-courses.

- Open House Norconsult Sweden’s annual seminar «Open House» at its headquarters in Gothenburg was attended by more than 200 people. The theme of this year's seminar was in «Norway in the Spotlight». It presented a closerlook at the Norwegian market in general and the oil industry's impact on the economy in particular. There was focus on environmental issues and also Norconsult’s total range of competence was presented.

- Smaller technical meetings Norconsult organized in 2009 a number of cutting-edge seminars in many different disciplines for own clients and partners, and also hosted several meetings for industry associations.

Norconsult also holds courses for own customers. Topics have been innovation methodology, project management, school planning, risk assessment and validation of analysis methods. We have demonstrated good activity in academic forums and worked closely with experts within the same fi eld, but with different standpoints. It is critical to keep insight and knowledge up to date and contribute to the development of the discipline. Norconsult also is an active contributor of several industry associations, including the Norwegian Water Association, The Norwegian Road and Traffi c Association, The

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Norwegian branch of the Nordic Road Association, Norwegian Tunnelling Society (NFF), Norwegian Concrete Association, PIANC Norway, Norwegian Association of Port Engineers, Port Authority Technical Association, Norwegian Structural Steel Association, Norwegian Geotechnical Society and the Norwegian Society of Earthquake Technology. In addition, Norconsult is actively involved in standardization work with Standard Norway.

COOPERATION BETWEEN CONSULTANTS It is important for Norconsult to develop our industry in cooperation with other consultants. The company is represented on the Executive Board at The Association of Consulting Engineers, Norway (RIF). Norconsult is a member of various expert committees, including serving as head of the Acoustics committee, representative in the Fire Safety, Water and Environmental Engineering, Water Resources Development and Plumbing and Climate engineering committees.

COOPERATION WITH COLLEGES AND UNIVERSITIESWe are committed to the challenge that current education provides the knowledge which will be demanded in the future. Norconsult therefore work closely with various educational institutions. We contribute to relevant study programs and vocational training for tomorrow's engineers and planners.

In the course of 2009 Norconsult established a closer cooperation with the Norwegian University of Science and Technology (NTNU). An agreement was signed between Norconsult and NTNU’s Faculty of Engineering and Technology. The agreement involves support for Study of Construction and Environmental Engineering. In addition, the agreement includes Norconsult teaching as a lecturer in the Civil and Environmental Engineering studies.

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The construction industry is under-going major changes. These structural and technological changes will make a deep impact on society as we know it. In this process Norconsult has an im-portant role as insightful and experien-ced contributor and driving force. Our focus on research, new developments and technological applications are all important areas where thoughts and ideas are stored. This is how we create the basis for establishing methods to work differently and more effi ciently.

Climate issues and a different attitude towards society and environment demonstrate that our industry now faces major - and often positive - changes. In addition, technological development has created entirely new rules, markets and working methods. Norconsult focuses enthusiastically on innovation in all aspects. We encourage experimentation and testing of non-traditional approaches and solutions. These initiatives are of course always done within the framework of risk assessment, accountability, budgets and project management.

Building Information Modeling (BIM) - the techno-logical driving force in the construction industry The digital development of recent decades has already changed how we communicate with the market and with each other. This development has also been a catalyst and driving force in how our industry grows. Greater focus on BIM internally and in cooperation with other industry players is an important element for achieving long-term commitment. This is a commitment to develop the industry in sync with the technological development and in this way help our clients to succeed.

INTERNAL BIM FOCUS Systematic training and coaching of inhouse BIM expertise are important elements in Norconsult´s strategy. An internal steering committee for BIM is now established. This group works with the BIM coordinators who manage and operate Norconsult's BIM initiative. The group provides expertise in connection with internal Norconsult assignments and also works with BIM coordinators in the larger construction projects. Norconsult has its own resource portals for BIM. Here, users have access to relevant BIM

Technology and innovation

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methods, process descriptions, product news, discussion groups, manuals, examples and training courses.

INDUSTRY COOPERATION BIM represents an important change agent for the players in the construction industry. In 2009, the six largest companies in the Norwegian Association of Consulting Engineers (RIF) agreed to cooperate to ensure that the development of BIM technology follows a common strategy that will include the needs of all types of stakeholders in the industry. The cooperating companies are Norconsult, Rambøll, COWI, Sweco, Asplan Viak and Multiconsult.

BIM AS A BUILDER OF ENVIRONMENTAL SOLUTIONS BIM is an important factor to meet current and future environmental requirements. All models will maintain a "green" profi le in projects analyzing energy consumption, simulating an optimized indoor air quality and aligning objectives for waste reduction. We are constantly striving to fi nd best practices for how BIM can encourage the testing of environmentally effi cient resource use in buildings.

Emphasis on new services, methods and tools Norconsult is constantly on the lookout for new ways to improve effi ciency as we implement projects. The focus on new services, methods and tools are made across the entire organization and in many cases our subsidiary Norconsult Information Systems (NOIS) is also involved.

NOIS is a provider of integrated ICT solutions. The solutions are primarily aimed at engineering, construction and management

Through active use of creative methods we can fi nd new ways to solve challenges. This is an exciting area we are working intensively to develop further.Kristin Grenan, MSc and head of R&D

Through a creative approach together with our customer and partners, we developed a plan for how Oslo can still keep railway traffi c moving while the new main station building is built with an effi cient and safe construction site - and with a minimum loss of rental income. Henning Vellene, MSc and project manager

Th h ti h t

By 2011, new assignments in Norconsult will be designed in BIM. We focus on the use of BIM as a working method in all our business areas. Torkil Håheim Kind, Central BIM coordinator

The aim of the innovation program is for Norconsult to capture the good ideas early in the projects; they often come too late. Sebastiano Lombardi, MSc and manager of the innovation programme, R&D

3D visualization of the Sauda power station and Nygårdstangen in Bergen, Norway

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of infrastructure and property. NOIS is different from regular ICT companies through its combination of high ICT skills and the engineering competence they have in Norconsult’s business areas. Advanced ICT is therefore a natural, strategic and embedded part of Norconsult. This gives us an important competitive advantage. We can offer our clients a unique combination of knowledge, experience and insight; in the discipline, the systems and in the industry in one user-friendly and integrated ICT solution.

NEW PROJECT MANAGEMENT TOOLS In 2009 there was a particular focus on developing new tools to optimize effi ciency and transparency in our assignment process. A new project management tool has been developed and is now into testing and implementation. The tool will give us a signifi cant lift in both planning and managing assignments.

LASER SCANNING Norconsult provides scanning services, including scanning of buildings, installations and terrain. The principle of laser scanning can be described as «harvesting» a 360-degree cloud of 3D points. This cloud accurately describes the surface rate of the scanned object. Clouds are either imported into CAD tools or made into digital images with in-depth information. This provides an exact basis for further design in 3D. Compared to traditional surveying the scanning method is very cost effective because one measurement is usually enough.

3D VISUALIZATION New insight is provided by application of 3D visualization in the use of planning and analysis, simulation and engineering tools. 3D visualization makes it also easier to understand the end result, maybe especially for those who have no background in engineering and planning disciplines. Norconsult today offers a wide range of 3D visualizations, and is working hard to develop this technology further.

Developing creativity and innovation systematically Norconsult is to be in the front of our industry’s R&D. Through our R&D activities we maintain our focus on innovation for the industry as a whole. We also do R&D as our own mission.

ESTABLISHING PROGRAM FOR INNOVATION A separate innovation program was established in 2009. This new program helps build and develop the skills and knowledge of creative processes and innovation management in projects. The expertise is actively communicated to customers in each project. Norconsult specialists use a variety of methods to manage processes in projects that promote creativity. We prefer simple, transparent and proven techniques that provide immediate results. These techniques increase options for a project to fi nd new and cost-effective solutions.

CREATIVITY AND "CO-CREATION» Co-creation is a new concept in knowledge-intensive deliveries. The concept can be described as "Customer Participation in Development". This is a further development of the "Open Innovation"- concept. In co-creation the customer and supplier are equal resources in the development of a project. This makes the whole project an advanced and dynamic learning arena.

Norconsult is an innovation leader. With our organization designed to capture and make use of technological innovations as quickly as possible, we look forward to the future.

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Business areas and projects in 2009

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Norconsult has grown considerably in recent years, offering services in all phases and disciplines - from feasibility studies to completion of a project with the following operating plans. Norconsult knowledge base consists mainly of civil engineers, engineers, architects, landscape architects, social scientists and economists. The company works actively to facilitate cooperation across disciplines internally as well as externally.

Norconsult has a broad customer base and participate in approximately 7000 small and large projects annually. These projects are split between private companies and public administration. Norconsult emphasizes the importance of working as an extended arm of its customers’ teams, putting the mutual sharing of knowledge in focus, in collaboration with its customers and partners.

All projects, large, long-term and the smaller, short-term ones, profi t from consultants with expertise developed in a broad disciplinary environment. This allows the company's consultants to work with a holistic focus. This again strengthens the professional advice given, as it will always be evaluated and seen within a larger context.

From eleven to nine business areasNorconsult’s previous eleven business areas were reorganized into nine business areas in 2009.

The nine business areas are as follows:• Buildings• Energy• Environment• Industry• Oil and gas• Planning• Risk management• Transport• Water

Norconsult - a complete multidisciplinaryconsultant

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New Oslo Central Station

Statoil, Fornebu

ill. A-Lab.

Foto: Stian B

roch

ill.’Space G

roup Arkitekter

Holmenkollen ski jump

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A building is a complex structure with integrated sustainable technical solutions. The building should have energy effi cient installations to ensure maximum energy utilization. It should also have functional design which meets users’ requirements, whilst enhancing the indoor environmental quality and taking into consideration the building’s surroundings.

Today’s construction processes are hectic and demanding. They put great demands on the different parties’ ability to adapt. A number of different contracting models also include requirements for specifi c competence and a fl exible organization. In addition, there are stringent demands on building owners to have in-depth knowledge and to implement applicable, technical and aesthetic qualities to their buildings. The resulting building environments must meet users’ needs while protecting the local community and follow public guidelines and requirements.

Norconsult has been involved in designing and developing buildings for the future for a long time. We are also actively involved in R&D projects where we look at how to reduce energy consumption and energy-related greenhouse gas emissions from buildings.

Holmenkollen ski jump, Norway Norconsult has designed the new ski jump "Holmenkoll-bakken", including the steel structure of the new takeoff ramp, the landing, spectator´s stands and all technical installations. We will continue with the fi ne-tuning and completion right up to the FIS Nordic World Ski Championships 2011.

New Oslo Central Station, Norway Norcon-sult was selected as the lead consultant in the competition to deliver services in construction, HVAC, electrical, acoustical, fi re safety and geotechnics related to the concept and schematic design phase of the project.

Statoil, Fornebu, Norway Statoil, Norway’s largest corporation and a world renowned international energy company, is building new offi ces just outside of Oslo, Norway. The building will have special technical

challenges in the top three building ele-ments, which require more than a 30 m cantilever solution. In the preplanning phase, Norconsult was responsible for geotechnics, engineering geology, civil engineering, HVAC, water and wastewater, environmental engineering, energy consult-ing and accoustic engineering, and we now participate in the schematic design and construction phase.

Post Offi ce - New Eastern Norway Termi-nal, Norway Norconsult is responsible for the design of HVAC engineering installations and public road construction in connection with the Norwegian Post's new Terminal for Eastern Norway on Robsrud, Lørenskog.

Science Building, Norwegian Radium Hospital, Norway Norconsult has designed HVAC and Electrical Engineering, to satisfy

stringent requirements to indoor air quality, purity and operationality. Norconsult has also contributed with various speciality consulting.

Old Ullevi, Gothenburg, Sweden Vibration study which has included geotechnical, con-struction and dynamics analysis of the new football arena. Engineering of the solution for active vibration control has started.

Culture Center, Hamar, Norway Norconsult is the technical advisor to the new culture center being built on the Town Square.

Oslo Airport, Norway Norconsult Informa-tion Systems (NOIS) has provided the ISY Real Estate solution for the property to be used for the new the Oslo Airport. It is used for management of the property portfolio and commercial business at the airport.

Some reference projects 2009:

The future of sustainable buildings requires development of integrated construction concepts. They will be both resource-effi cient and of high quality. Smart solutions that satisfy both the external and internal environment areessential.

We offer a total range ofservices within:

• Cultural buildings• Educational buildings• Hospitals and institutional buildings• Hotels• Offi ce buildings• Residential buildings• Shopping centres• Sports facilities

Buildings

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Ambuklao, Philippines

Elfelagið SEV, the Faroe Islands

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The demand for energy will continue to grow. Making energy production more effi cient and reducing energy consumption and energy-related emissions of greenhouses gases are goals that the whole industry, the authorities and the global community generally agree on.

Involvement, innovation and long-term thinking are the keys to building a renewable energy future with the focus on minimal greenhouse gas emissions and access to energy on demand. It is essential to meet the growing need for energy in a way that safeguards our society and takes environmental, economic and social factors into consideration.

Norconsult has been involved for a long time in creating the basis for environmentally- friendly power development and a secure energy supply throughout the whole world. We are actively involved in research projects and initiatives that endeavour to solve the energy challenges of the future, and are one of the founding partners of INTPOW (Norwegian Renewable Energy Partners).

Some reference projects 2009:

Global climate changes means that access to clean energy now is a challenge that concerns us all. A more energy-effi cient world with the goal of sustainable growth and long-term benefi ts, is a challenge that must be resolved.

We offer a total range ofservices within:

• District heating and -cooling• Energy conservation• Energy planning• Hydropower• Renewable energy• Thermal energy• Transmission and distribution• Wind power

Energy

Ambuklao and Binga, Philippines Jointventure project between SN Power and Norconsult. Two hydropower plants under-going major rehabilitation to improve production capacities. Norconsult designs and assists with contract negotiations and inspections during work and installations.

Devoll, Albania Hydropower development of the Devoll River in Albania. One of Europe’s largest ongoing hydropower projects, and a joint venture between Statkraft and EVN. Norconsult is responsible for all engineering work and preparation of environmental and social assessment studies.

Elfelagið SEV, Faroe Islands Norconsult has evaluated opportunities for combined use of wind power and pumped storage hydropower for SEV, the Faroese intermuni-cipal power company. The objective is to replace power produced by fossil fuels with

a combination of wind power and pumped storage hydropower.

Transmission Development Project, Mozambique Joint venture with VPC on a feasibility study of a 1200 km 400 kV HVACtransmission line and a parallel 800 kV HVDCline to transfer power from large-scale gene-ration projects in the Centre of Mozambique to the South of Mozambique for domestic consumption and export to South Africa.

Rehabilitation in the Rjukan area, Norway Detail design and preparation of tender documents in close cooperation with the owner Norsk Hydro AS.The project comprises refurbishment of all hydropower stations with appurtenant dams and waterways.

Konsvinger power plants, Norway Client: Eidsiva Vannkraft AS. Advisory service, detail design and preparation of work drawings for

the expansion of an existing run-of-river HPP in the river Glomma.

Jøssang and Dalen 1 Power Plant, Norway Client: Lyse Produksjon AS. Detail design and construction supervision of a 35 MW hydropower plant with a 4,5 km long head-race tunnel and underground power station. The engineering services includes design and construction supervision of the 5,5 MW small scale HPP Dalen 1.

Energy Project Management SystemNorconsult Information Systems has integrated a cost-estimating solution with the product catalogue from REN AS. This provides BKK Nett with complete solutions for estimating, budgeting, procurement, production, economic analysis and project life cycle management, linking all phases of the construction cycle and helping to manage the business more profi tably.

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Photo: K

ystverket

“Full City” aground

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Environment

Challenges range from overall, global climate changes down to local measures for protection of local communities. The most important thing is to realize and understand long-term environmental consequences and impacts combined with today's actions and measures. All contributions are important to preserve natural resources and reduce emissions.

The huge challenge for authorities, organizations and businesses is to ensure a balance between continued growth and social development with regard to nature and the environment. It requires knowledge of the activities involved, and of the environ-mental conditions that have to be regulated and controlled. Environmentally effi cient utilization of resources, reduction of pollution of the outer environment and health impacts are in this respect key focus areas.

Norconsult has over a long time built the experience and insight to ensure that all levels in today’s and tomorrow’s environmental challenges are met and resolved in a good way. A sound academic environmental expertise combined with comprehensive experience provide the conditions we need to conduct studies, analysis, action plans and development projects for a sustainable future.

Climate consequences as a result of the world’s population growth, gives us a common challenge to balance the protec-tion of nature and the environment while further developing our society. The increasing impact we make on the earth’s resources is a global challenge - and it must be solved.

We offer a total range ofservices within:

• Climate and energy Management• Environmental study• Environmental impact assessments• Pollution control analysis• Solid waste management

Some reference projects 2009:

The Ålesund region’s development company, Norway Norconsult has assisted Norway’s NW region in the preparation of local energy and climate plans. These plans are designed in close cooperation with working groups in each municipality. The main themes are energy and green-house gas emissions in the transport sector, stationary energy, waste and consumption, and agriculture.

Cetin Hydropower Project, Turkey Norconsult has been appointed to super-vise the environmental and social studies for the project in SE Turkey. As part of the assignment a full environmental and social impact assessment will be produced follow-ing the guidelines from IFC on Performance Standards. An environmental management plan and social action plan will also be part of the output.

Sanakham Hydropower Project, Lao PDRThe Sanakham HPP is part of the hydro-power cascade planned for the Mekong River in Lao PDR. Norconsult has been appointed to produce an initial environ-mental and social evaluation of the project (statutory IEE). As part of the assignment main issues concerning the environmental and social consequences of development were examined and an initial estimate of environmental and social costs produced.

Oslo Airport, Norway In connection withengineering of the new T2 terminal Norcon-sult has modeled the water balance of the airport. The groundwater model has been revised and modifi cations announced for simulating the effect of new tight spaces and redistribution of surface water and melt-ing of groundwater occurrence to ensure that the water balance at the airport is maintained.

Coastal Administration, Norway After the cargo vessel “Full City” shipwrecked by Såstein in Telemark and bunker oil polluted the coastline from the city of Larvik to Aren-dal, Norconsult has helped to document the effect, time and environmental impact of clearing of oil from beaches and rocks. Norconsult has also conducted a visual examination with the use of a remotely operated underwater vehicle and sampling of the seabed. On behalf of the Norwegian Coastal Administration, Norconsult conduct-ed an overall assessment of environmental risks associated with all shipwrecks along the Norwegian coast.

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Qatalum aluminium plant, Qatar

SiC Plant Herøya II, REC WAFER

© N

orsk Hydro

Photo: B

ørve og Borchsenius A

S

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Industry

Qatalum aluminium plant, Qatar Norcon-sult has participated in the team developing the world’s largest aluminium plant in Qatar. The client is Qatalum, a private enterprise owned 50% by Norsk Hydro and 50% by Qatar Petroleum.

Tine Main Dairy, Jæren, Norway TINE, Norway’s largest supplier of dairy products, is establishing a new dairy in Jæren, which replaces several existing facilities. The new dairy will be located in Kviamarka in the Hå municipality. Norconsult is engaged as con-sultant in civil engineering, fi re engineering and geotechnics.

Mono-Wafer plant, Glomfjord, NorwayRenewable Energy Corporation (REC) SiTech has developed a new plant in Glomfjord. Norconsult has contributed in the planning of all engineering disciplines as well as site supervision and mechanical completion.

“Arsenalet”- Kongsberg Defence & Aero-space, Norway Planning and monitoring of an energy production plant for thermal energy. External infrastructure for heating, cooling, air and water / wastewater. Norcon-sult has planned technical facilities in the buildings for ventilation, heating, sanitation, fi re fi ghting, cooling and piping utilities, as well as had responsibility for the overall fi re strategy.

SiC Plant Herøya II, REC WAFER, Norway SiC Processing recycles and processes slurry, cutting fl uids used in manufacturing of wafers for solar panels. SiC was already established at Herøya in connection with the local wafer production, and wished to expand capacity to include the treatment of slurry. Norconsult has completed a concept study, technical detail engineering for build-ing and technical follow-up.

Some reference projects 2009:

Finding environmental and socially responsible ways to meet world energy needs is one of the industry’s main challenges. This is also at the core of the industrial development in the near and far future.

Industrial owners are expected to deal with these constant changes. Safeguarding the value chain, with constant focus on areas that affect their operations, requires detailed management combined with a long-term overall perspective.

Norconsult has been involved in helping to realize large industrial investment and development projects for a long time. Sound theoretical insight combined with solid practical experience provide us with the conditions we need to carry out consultancy and engineering services for various industrial enterprises.

Industry processes, technology, logistics, various risks and functional requirements are constantly changing. In addi-tion, the industry has a special responsibility to constantly minimize their impact on the environment. Because of all this, the industry must adapt and renew itself continuously.

We offer a total range ofservices within:

• Aluminium plants• Cement production• Food processing industry• Mechanical workshops• Melting plants• Mining industry• Petrochemical industry• Pharmaceutical industry• Shipyards• Solar industry• Waste treatment plants• Wood processing industry

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KårstøHøegh LNG

Photo: Ø

yvind Hagen

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Oil and gas

The need for oil and gas as energy sources has increased steadily, and will remain a primary energy carrier for a long time to come. The long-term development of the industry requires continued innovation, focusing on the development and application of new technology, new processes and new solutions.

The oil and gas industry includes high-tech enteprises with a focus on continuous R&D. Production and use of fossil energy sources affect the environment, and the industry has a renewed focus on fi nding new ways to reduce emissions and waste. The development of the oil and gas industry in Norway has continued to provide exciting challenges for the industry players, as well as for related engineering consultants and construction companies.

Norconsult has been involved in developing the oil and gas industry nationally and internationally for many years. Good theoretical knowledge combined with sound practical experience gives us a very strong foundation on which to carry out consultancy and engineering for oil and gas-related construction projects, infrastructure and processes. We engage in additional efforts to fi nd new ways to minimize emissions from petroleum activities.

As the largest industry in Norway, the petroleum industry is central for the country’s value creation. With a strong and long-term focus on innovation and technology, this industry also becomes an important driving force for innovation for other industries.

We offer a total range ofservices within:

• Gas distribution• Greenhouse gas management• Natural gas and LNG• Offshore facilities• Offshore power generation• Oil and gas processing• Onshore facilities• Pipelines• Storage facilities

Some reference projects 2009:

Kårstø - KEP 2010, Norway At Kårstø there is extensive work to upgrade the gas terminal and to make it more robust, includ-ing the renewal of instrumentation and control systems. Norconsult is responsible for all civil work in the project – engineering and construction management, undertaken in collaboration with MWKellogg, London.

Hoegh LNG, Norway Norconsult is respon-sible for allocation of technical resources for Hoegh LNG AS’s management team. This is for follow-up of engineering contractors and key suppliers to their large fl oating LNG production ships. A comprehensive FEED study that was conducted and concluded in 2009 was followed up by Norconsult.

Mongstad (TCM), Norway A Technology Center for CO2 capture is built together with the capture facility. Norconsult does engineering and construction management for Statoil and for Aibel on land preparation, infrastructure and concrete work as well as connections to the refi nery/power plant.

Skangass LNG plant, Risavika, NorwaySkangass AS is owned by Lyse AS and Celsius Invest AS, and is responsible for the operations of a new LNG plant in Risavika in Sola municipality. The plant will deliver an annual production at 300.000 tonnes LNG, equivalent to energy needs of two cities the size of Stavanger. Norconsult has been a key partner and contributed in several diciplines including safety monitor-

ing, conducting risk analysis, designing and planning topside for a fl oating production ship. Norconsult also had the overall re-sponsibility for the design of a LNG storage tank - the fi rst one designed by a Norwegian company. The plant opens in 2010.

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Notodden

Jernbanetorget

ÅsaneNygårdtangen

Sønnå power station in Sauda

Kristofer R

yde - NE

GATIV

E

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Planning

Taraldrud - Åsland, Ski, Norway Develop-ment of a new industrial area alongside the E6 road in the Municipality of Ski. The planning area is approx. 2 500 acres located just south of Oslo. Norconsult was responsi-ble for concept development and evaluation of consequences including landscaping, all transportation systems and health concerns.

Platån 5, Gothenburg, Sweden Norcon-sult, in cooperation with JM, has developed the neighbourhood Platå 5 in Northern Älvstranden in Gothenburg. Norconsult worked within architectural, constructional and geotechnical disciplines, as well as being re-sponsible for parts of Waterworks and Waste-water, land use and transportation systems for large parts of Northwest Älvstranden.

Gol Center, Norway Site analysis has provided a basis for better understanding

the town’s layout and the impact of various undertakings on the community as a whole. This highlights choices the municipality faces and which factors that should be considered for further healthy development.

City Rail Network, Bergen, Norway Norcon-sult has conducted an in-depth evaluation of the strategic construction order, and the scope for further development. The evalu-ation includes a strategic review in which appropriate corridors are identifi ed based on transportation-prognosis for public transpor-tation systems, and future urban develop-ment. Part two includes the exact routes with cost estimates and cost-benefi t analysis.

Western Corridor, Public Roads Admin-istration, Norway Norconsult has worked as Secretary and professional contributor for the systems analysis of the Western Corridor

out of Oslo. The purpose was to ensure that alternative road solutions would fi t into the integrated land use transportation strategy. Effi cient yet environmentally friendly transpor-tation in the long term has been a priority.

Lindåsneset, Norway Norconsult has devel-oped a zoning plan for Lindåsneset including the oil and gas centre of Mongstad. The municipality wanted to fi nd the best long term segregation between industrial and non-industrial areas, while allowing for signifi cant expansion of the various industrial areas.

Municipal energy and climate plans, Norway Norconsult has been selected by a number of municipalities to implement and lead energy and climate planning processes. This includes the Ålesund region with ten municipalities and the city of Bergen, Norway.

Society is in a constant state of change, and in this trend there are a variety of considerations, requirements and expectations that must be met. Planning is a complexdiscipline which includes development of many widelyvaried locations and regions, requiring qualifi ed insight and comprehensive oversight from the planners.

Studies and plans must lead to sustainable solutions so Planning must take into account societies many facets; groups with different and sometimes confl icting agendas from the general public, landowners, developers and administrations.

Societal planning also includes functional planning for specifi c areas such as business growth and changing demographics, climate and environmental considerations, urban development and other related issues. In order to address the many needs of the different interests, the core of planning is to have the overall perspective and the cross-discipline knowledge to create solid and long-term plans.

Norconsult has been involved in and contributed to the development of societies for several years, worldwide. The company’s social scientists, geographers, architects, landscape architects and engineers combine excellent theoretical knowledge with reliable up-to-date practical experience. Our experts conduct fi eldwork, studies and analyses directly related to the challenge at hand.

We offer a total range ofservices within:

• Architecture• Landscape architecture• Mapping and geodata• Municipal master planning• Regional master planning• Settlement/resettlement planning• Social impact assessments• Strategic planning and management • Urban planning• Zone planning

Some reference projects 2009:

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Qatalum aluminium plant, Qatar

© N

orsk Hydro

Slagentangen

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Risk management

Exposure to increased risk and vulnerability to unwanted events is partly due to changing climatic conditions, increased technology dependency, structural changes in society and a change in local and international threats.

This creates a need for professional assistance to get an overview of current threats and future vulnerability of own business. This entails primarily probability and consequence. Focus is on prevention and efforts to reduce the possibility that something will occur and also fi nding measures to reduce its impact.

Norconsult has been involved in helping to create a safe and well-functioning society for a long time. Our advice and solutions provide the basis for ensuring active risk management. Managing risk requires thorough systemic insight, knowledge of relevant methods and focus on the operative measures.

Our constantly changing world becomes increasingly more complex, global and open day by day. This also increases the community’s vulnerability. Risk assessments, accident prevention and emergency preparedness are therefore becoming increasingly important elements for the society as a whole - from governmental authorities to the private sector.

We offer a total range ofservices within:

• Audit/due diligence• Emergency preparedness• HSE management• IT security• Quality management• Risk management• Technical safety• Work environment

Qatalum aluminium plant, Qatar In the design and development phase of the world’s largest aluminium plant, Norconsult has secured the development of the overall specifi cations. This includes fi re and explo-sion safety and the monitoring of this plus the design and construction phase of all major contracts.

Exxon Mobil, Norway Norconsult moni-tored the quality of the calculations of VOC emissions from the refi nery’s tank at Slagen-tangen. In addition, Norconsult conducted the annual update of the Business Continuity Planning and Pandemic contingency plan for downstream activities in Scandinavia.

Lysebotn plant, Norway Study of different options for new energy generation for Lyse Production AS. Studies have included re-

views for existing plants and the new power station, as well as organizing and imple-menting the risk and vulnerability analysis to make risks a part of the decision basis for selecting alternative solutions.

Pathology Building, Rikshospitalet, Nor-way Norconsult has conducted the follow-up HSE in connection with rehabilitation of the Pathology Building. This includes preparation of the HSE plan and tentative risk analysis of the planned building and construction work.

Statoil and Statkraft, Norway These companies share a large joint wind power project. 88 windmills will be located in the North Sea within the British sector. Norcon-sult has HMSQ responsibility for construction of the ship that will transport the wind tur-bines from Denmark and install them offshore.

City of Kristiansund, City Engineer, Norway In preparation of a new emergency plan for water supply in the municipality,Norconsult has conducted risk and vulnera-bility analysis. We have drawn up contingen-cy plans and conducted emergency drilling.

Transportation Solutions for Fornebu, Norway Norconsult has conducted security reviews of four transportation options - rail-way, underground transport, automated train and bus routes.

Norwegian Clean Seas Association for Operating Companies (NOFO) For several years Norconsult has assisted NOFO in training exercises and technology develop-ment and has contributed to the content for the technology development program «Clean Seas 2010».

Some reference projects 2009:

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Sandnes-Stavanger railway tracks

Terminal 2 Oslo Airport

Photo: O

dd Furenes JBV

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Transportation methods and volume are always infl uenced by social trends. Solutions must be adapted to the public, not harming the environment or the landscape. Various traffi c user groups have different needs. It is a challenge to create safe and fl exible transport solutions covering all forms of traffi c and the different groups’ needs.

Both population growth and global climate changes give the transport sector a special challenge and a special responsibility to develop solutions that contribute to reduced emissions. Simultaneously transport solutions must support community development and growth.

Norconsult has for a long time been a major contributor in developing comprehensive plans that provide environmentally sound, aesthetic and cost effective transportation solutions. With a holistic approach, studies, analyses, calculations and plans for complete communications systems from idea to execution emerge with the additional effort to fi nd new ways to minimize negative environmental impacts.

A well organized transportation infrastructure is a prerequi-site for a society on the move. In a society where develop-ment of infrastructure and changes in utilization of land are naturals, long-term and fl exible transportation solutions enhance and support growth.

We offer a total range ofservices within:

• Airports• Bridges• Harbours • Rail systems• Parking• Traffi c analysis• Roads• Tunnels

Some reference projects 2009:

City Rail, Bergen, Norway Norconsult performed planning and design, and has a number of projects for the City Rail Offi ce. On the stretch between the city center and Nesttun the company has had the overall responsibility for the detailed design and construction. This assignment is the fi rst part of a city rail network in Bergen. The railway starts its operation in June 2010.

Central Region Transport Network Project, Vietnam Design, contract administration and construction supervision for rehabilitation of about 750 km of provincial and district roads in 19 provinces. Local contractors are used to upgrade the roads to bituminous standard including strengthening and improvement of drainage structures, bridges and traffi c safety measures. Institutional strengthen-ing and training is an integrated part of the project. Client is the Ministry of Transport.

Kampala to Wobulenzi Road, UgandaConstruction supervision for this 45 km of main road in the northern outskirts of urban Kampala. Norconsult has been responsible for the review of the detailed engineering design and contract documents as well as assistance in the procurement process. During 2009 we have mainly carried out the supervision and progress monitoring. Client is Uganda National Roads Administration.

Sandnes-Stavanger railway tracks, Norway The railway line has been expanded from single to double tracks. Norconsult has prepared the construction plan for all involved disciplines, except the signals. The tracks opened in December 2009 and was voted by the industry «Construction of Year 2009».

Slussen Stockholm, Sweden This is a square and a water locks which connects

Lake Mälaren with Saltsjön. Norconsult Fältgeoteknik AB conducted geotechnical investigations including tunnels, harbors, buildings, water areas, traffi c routes, trains and subways.

Terminal 2 Oslo Airport, Norway Cooper-ating with our partners, Norconsult has been responsible for the design of the airport from day one. In 2009 we won the competition for the design of the expansion of the terminal, the landside and the airplane issues in the project called T2.

Tools for maintenance, Public Roads Administration, Norway Norconsult Information Systems (NOIS) has developed ELRAPP, an environmentally effi cient andeffective solution for reporting and monitoring contracts for road maintenance.

Transport

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Water supply Staver-Bryn

Bekkelaget treatment plant

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Water

Our society is moving ahead. The development of infrastructure must support future population growth. This requires water and wastewater systems that optimize supply for industrial operations and the population, while emissions from wastewater should not harm the environment.

The hydrological cycle must be protected, as supplying clean and suffi cient water to everybody is a major challenge in the strive for sustainable development. Water resources are threatened by pollution, so monitoring water quality is therefore extremely important.

Norconsult has for many years contributed to the development of safe water and wastewater systems. We have also adapted the systems for new and challenging climate changes. We are constantly working actively to build on experience and knowledge about the complete water cycle - from rainfall via usage to drainage and evaporation.

Water is the vital resource for creation of life and for living it well. Sustainable use of water resources must secure water supplies for future generations. To achieve this, the technical solutions have to take into account our growing environmental pressures, demographic changes and the result of the expected climate change.

Some reference projects 2009:

We offer a total range ofservices within:

• Storm water management• Waste water• Water resources management• Water supply

The Midgard Serpent, Oslo, Norway Comprehensive wastewater projects with a total of 6 km of new main sewer system plus eradication of several basins and pumping stations in the area.

Bjørvika – Akerselva, Norway Transmission via deep drainage pipes with a diameter of 2 m and 3 km tunnel through the Ekeberg hill to the Bekkelaget treatment plant.

State of the Nation Advisory, Norway In 2009 The Consulting Engineers Associ-ation (RIF) began the preparation of the report ”State of the Nation 2010” which assesses the condition of infrastructure in Norway. Norconsult was responsible for chapters regarding water, wastewater and waste. Reviews and content were designed in cooperation with NTNU, UMB, and the Norwegian Water and Public Health Institute.

Staver-Bryn, Bærum, Norway Design of a new main water supply in Bærum municipality. 4.3 km cable systems with large dimensions, 800 and 1000 mm pipe, including pressure-reducing manholes and pumping station. Norconsult has assisted with the pilot project, tender, schematic design and ongoing assistance and follow-up.

Veumbekken, Fredrikstad, NorwayAssistance to Fredrikstad municipality with schematic design including evaluation of the feasibility and technical solutions for opening Veumbekken. The Norconsult work included the land-use plan, landscape architecture, traffi c, hydraulics and hydrology, geotechnical and technical infrastructure.

Solumstrand Treatment plant, Dram-men, Norway Design of rehabilitation and expansion of a water treatment plant

including the construction management of electrical automation, processing and mechanics. Furthermore Norconsult is engaged in planning and follow-up of new treatment facilities in several municipalities: Hartevatn (Hovden) in Bykle, Selbu in Trysil, Håra and Seljestad in Odda, Kristiansund and Os in Bergen.

Framework Agreements, Norway In 2009agreements were made with large munici-palities in Eastern Norway. These agree-ments include counselling services in all planning phases of water and wastewater systems. Norconsult has agreements with the municipalities of Oslo, Fredrikstad, Bergen, Bærum, Asker and Drammen, and secretarial functions for a project named ’Good Water’ in the Drammen Region.

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Financial highlights 2009

45

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46

Norconsult Holding AS is the parent company of Norcon-sult AS and Norconsult Eiendom AS. Norconsult Holding AS is the owner of all shares in the two companies.

Performance, balance sheet and cash fl ow In 2009 Norconsult Holding AS group achieved gross operating revenues of NOK 2012.8 million (2008: NOK 1911.4 million,) and an operating profi t of NOK 206.0 million (2008: NOK 211.6 million).

The operating margin for 2009 was 10.2% versus 11.1% in 2008. The Group's equity was NOK 397.3 million (2008: NOK 357.4 million) by the end of 2009, which provides an equity share in 2009 of 38.6%. Cash fl ow from operating activities are considered to be satisfactory seen in light of the company's growth. Cash holdings at year end was NOK 118.9 million (2008: NOK 69.1 million).

The group had in 2009 a positive cash fl ow of NOK 49.9 million (2008: negative cash fl ow of NOK 159.5 million due to a change of fi nancing structure). The company's net cash fl ow is characterized by investments related to acquisitions.

Financial riskThe risk that customers may not have the fi nancial ability to meet their obligations is considered low, as historically the company has experienced little loss of receivables.

Under the prevailing fi nancial situation, there is a strong focus on the monitoring of accounts receivable. Norconsult liquidity is considered satisfactory, and there has been no decision to introduce measures to change the company’s liquidity risk.

Norconsult is exposed to currency fl uctuations in connection with the company activities outside the Nordic region. The main part of turnover is invoiced in US dollars (USD). Some is also billed in Norwegian currency (NOK), in the local currency or in euros (EUR). The present currency strategy implies that one should introduce partial currency hedging as one can assume that this is the most profi table in the long term.

There have been no issues of signifi cant importance to Norconsult´s fi nancial position and profi t after fi nancial year end. In accordance with the Norwegian Accounting Act, Norconsult confi rms that the accounts are prepared for a company that is in daily operation.

Financial highlights 2009

Operating revenue

Mill. NOK220

200

180

160

140

120

100

80

60

40

20

0 ’06 ’07 ’08 ’09

Operating profi t

Mill. NOK2200

2000

1800

1600

1400

1200

1000

800

600

400

200

0 ’06 ’07 ’08 ’09

Percentage equity

%40

35

30

25

20

15

10

5

0 ’06 ’07 ’08 ’09

Page 47: Annual Report 2009

4747

Income statement

Norconsult AS Norconsult Holding AS Group (All fi gures in NOK 1,000s) 2008 2009 2009 2008 OPERATING REVENUES AND EXPENSES: 1 473 890 1 598 653 Operating revenues 2 012 757 1 911 376 1 473 890 1 598 653 Total operating revenues 2 012 757 1 911 376

254 369 272 310 Project expenses 321 396 292 822 865 489 961 043 Payroll expenses 1 235 725 1 139 669 19 262 23 852 Depreciation and amortization expenses 54 131 47 818 168 438 167 170 Other operating expenses 195 525 219 449 1 307 557 1 424 375 Total operating expenses 1 806 777 1 699 758 166 333 174 278 OPERATING PROFIT (LOSS) 205 980 211 618

FINANCIAL INCOME AND EXPENSES: 17 468 14 929 Profi t/loss from subsidiaries and associated companies 0 0 12 089 1 951 Interest received from other group companies 0 0 2 201 1 205 Other interest income 5 019 5 570 7 840 1 703 Other fi nancial income 4 156 11 255 ( 8 723) ( 1 947) Interest paid to other group companies 0 0 ( 5 808) ( 340) Other interest expenses ( 4 361) ( 153) ( 9 892) ( 7 074) Other fi nancial expenses ( 9 293) ( 15 119) 15 176 10 427 Net fi nancial items ( 4 479) 1 553 181 508 184 705 PROFIT (LOSS) BEFORE TAX 201 501 213 171

( 53 663) ( 51 923) Tax expense ( 66 716) ( 68 620)

127 845 132 782 NET PROFIT (LOSS) FOR YEAR 134 785 144 551

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48

Norconsult AS Norconsult Holding AS Group (All fi gures in NOK 1,000s)

2008 2009 2009 2008 ASSETS Intangible assets: 0 807 Deferred tax asset 0 0 0 0 Licenses and software 2 277 2 924 51 369 59 017 Goodwill 96 578 102 095 51 369 59 824 Total intangible assets 98 855 105 019 Tangible fi xed assets: 4 689 4 689 Land, buildings and other real property 210 596 217 604 7 013 9 252 Operating equipm., fi xtures, fi ttings, offi ce machinery etc 26 093 19 281 11 702 13 941 Total tangible fi xed assets 236 689 236 885

Financial fi xed assets: 136 726 137 383 Investments in subsidiaries 0 0 49 285 69 625 Loans to group companies 0 0 824 1 079 Investments in shares and units 1 431 1 176 4 487 9 650 Other long-term receivables 10 945 4 879 36 252 52 319 Pension assets 49 414 33 217 227 574 270 056 Total fi nancial fi xed assets 61 790 39 272 290 644 343 821 Total fi xed assets 397 334 381 176 105 594 115 588 Work in progress 140 374 140 459 Receivables: 255 958 237 251 Accounts receivables 351 963 370 698 76 765 52 813 Short-term receivable from group companies 0 0 7 148 111 496 Deposits in group account 0 0 14 935 7 693 Other receivables 20 849 24 766 354 806 409 253 Total receivables 372 812 395 464

Bank deposits and cash equivalents: 11 821 13 077 Bank deposits and cash 118 909 69 053 472 221 537 918 Total current assets 632 095 604 976 762 865 881 739 TOTAL ASSETS 1 029 429 986 152

Balance as of 31 December 2009

48

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Norconsult AS Norconsult Holding AS Group(All fi gures in NOK 1,000s) 2008 2009 2009 2008 EQUITY AND LIABILITIES Restricted equity: 2 878 2 878 Share capital 4 771 4 756 0 0 Own shares ( 25) ( 71) 50 361 50 361 Share premium reserve 176 470 175 618 0 0 Other restricted equity 6 365 4 573 53 239 53 239 Total restricted equity 187 581 184 876 Retained earnings: 150 484 198 267 Other equity 209 725 172 547 150 484 198 267 Total retained earnings 209 725 172 547 203 724 251 506 Total equity 397 306 357 423 Provisions for commitments: 1 837 0 Deferred tax 10 166 10 132 0 0 Other provisions 5 618 5 618 1 837 0 Total provisions for commitments 15 784 15 750 Long-term liabilities: 47 322 55 231 Liability to other group companies 0 0 1 889 1 540 Other long-term liabilities 1 903 1 889 0 0 Subordinated loans 0 768 49 211 56 771 Total long-term liabilities 1 903 2 657 Current liabilities: 0 0 Short-term liabilities to credit institutions 0 111 45 729 36 117 Trade creditors 54 800 68 256 38 439 34 753 Advance payments from clients 47 123 50 218 128 720 184 353 Short-term liabilities to other group companies 0 0 26 132 25 675 Income tax payable 63 678 64 595 126 445 128 417 Public duties payable 132 769 143 563 0 0 Dividends 89 942 78 587 142 629 164 147 Other current liabilities 226 124 204 992 508 094 573 462 Total current liabilities 614 436 610 321

559 142 630 233 Total liabilities 632 123 628 729 762 865 881 739 TOTAL EQUITY AND LIABILITIES 1 029 429 986 152

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AskimP.b. 1042, Østfold Næringspark, 1803 AskimVangsveien 10, 1814 AskimTel. +47 69 70 13 70, Fax +47 67 54 45 76

BergenP.b.1199 - Sentrum, 5811 Bergen Valkendorfsgate 6, 5012 BergenTel. +47 55 37 55 00, Fax +47 55 37 55 01

BodøAlsgården, Notveien 17, 8013 BodøTel. +47 75 56 58 00, Fax +47 75 56 58 01

FørdeP.b. 514, 6803 Førde Firdavegen 6, 6800 FørdeTel. +47 57 82 94 40, Fax +47 57 82 94 41

HamarP.b. 433, 2303 Hamar Torggata 22, 2317 HamarTel. +47 62 55 51 10, Fax +47 62 55 51 11

HammerfestBrenneriveien 30, 9600 HammerfestTel. +47 78 60 85 00, Fax +47 78 60 85 01

HarstadSkoleveien 1, 9407 Harstad Tel. +47 77 00 11 33, Fax +47 77 00 11 32

HaugesundPb. 458, 5501 HaugesundSmedasundet 66, 5528 HaugesundTel. +47 52 86 51 00, Fax +47 52 86 51 01

HortenPb. 110, 3191 HortenApotekergata 14, 3187 HortenTel. +47 33 02 04 10, Fax +47 33 02 04 11

HønefossPb. 258, 3502 HønefossFossveien 7/9, 3510 HønefossTel. +47 32 10 99 60, Fax +47 32 10 99 61

KirkenesPb. 217, 9915 KirkenesStorgata 5, 9900 KirkenesTel. +47 78 59 80 00

KjøllefjordPb. 128, 9790 KjøllefjordFiksekaia, 9790 KjøllefjordTel. +47 78 59 80 00

KongsbergTiedemannsgt. 4, 3616 KongsbergTel. 48 89 93 36

KristiansandKjøita 42, 4630 KristiansandTel. +47 38 60 34 60, Fax +47 67 54 45 76

KristiansundPb. 2195 Futura, 6502 KristiansundIndustriveien 17, 6517 KristiansundTel. +47 71 58 88 88, Fax +47 71 58 88 80

LakselvPb. 279, 9711 LakselvKirkeveien 5, 9700 LakselvTel. +47 78 46 08 88, Fax +47 78 46 08 89

LarvikPb. 35 - Fritzøe Brygge, 3285 LarvikNedre Fritzøegate 2, 3264 LarvikTel. +47 33 14 14 00, Fax +47 33 14 14 19

LillehammerPb. 284, 2602 Lillehammer Elvegaten 19, 2609 LillehammerTel. +47 61 22 79 00, Fax +47 61 22 79 01

LillestrømParkalleen 10, 2000 LillestrømTel. +47 67 57 10 00

MandalPb. 216, 4503 MandalStore Elvegate 35, 4514 MandalTel. +47 41 57 80 00, Fax +47 38 26 63 74

Mo i RanaPb. 237, 8601 Mo i RanaHalvor Heyerdahlsv. 4, 8626 Mo i RanaTel. +47 75 12 93 80, Fax +47 75 12 93 90

MoldeStorgata 18-20, 6413 MoldeTel. +47 71 24 04 60, Fax +47 71 24 04 61

NarvikTeknologiveien 10, 8517 Narvik,Tel. +47 76 96 78 60, Fax +47 76 96 78 61

SkienKlostergata 30, 3732 SkienTel. +47 99 03 98 07

SogndalDalavegen 25, 6856 SogndalTel. +47 57 62 79 00, Fax +47 57 62 79 01

StathelleNesjarveien 1, 3960 StathelleTel. +47 35 96 07 22, Fax +47 35 96 07 45

StavangerP.b. 130, 4065 StavangerStadionparken, Jåttåvågveien 7, 4020 StavangerTel. +47 51 90 53 00, Fax +47 67 54 45 76

TromsøPb. 228, 9253 TromsøSjøgata 39, 9008 TromsøTel. +47 77 66 70 80, Fax +47 77 66 70 90

TrondheimIngvald Ystgaards vei 3A,7047 TrondheimTel. +47 73 20 46 00, Fax +47 67 54 45 76

TønsbergStensarmen 4, 3112 TønsbergTel. +47 33 31 79 60, Fax +47 33 33 16 35

VadsøPb. 50, 9811 VadsøTollbugata 7, 9800 VadsøTel. +47 78 59 80 05

ÅlesundKeiser Wilhelmsgt. 22, 6003 ÅlesundTel. +47 70 10 22 44, Fax +47 70 10 22 55

ÅrdalPb. 149, 6881 ÅrdalstangenMeierigt 2, 6885 ÅrdalstangenTel. +47 97 97 00 36, Fax +47 57 66 00 77

Offi ces in Denmark:

Norconsult Danmark A/S:KalundborgSkibbrogade 1, 3 sal, 4400 KalundborgTel: +45 44 20 98 34, Fax: +45 44 20 99 10

KøbenhavnLautruphøj 1-3, 2750 BallerupTel. +45 44 20 98 34, Fax +45 44 20 99 10

ÅrhusVoldbjerg 12A, 2. sal, 8240 RisskovTel.: +45 28 10 37 99, Fax +45 86 99 37 89

Offi ces in Norway:

Norconsult AS (head offi ce)P.O. Box 626, 1303 Sandvika, NorwayVestfjordgaten 4, 1338 Sandvika, NorwayTel. +47 67 57 10 00, Fax +47 67 54 45 76Email: [email protected]

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Offi ces in Sweden:

Norconsult AB:GöteborgLindholmen, Theres Svenssons gata 11,Box 8774, 402 76 GöteborgTel. +46 31 50 70 00, Fax +46 31 50 70 10

LuleåStorgatan 35, 972 31 Luleå Tel. +46 920 20 35 70

PiteåKarl Grankvists väg 1A, 941 52 Piteå Tel. +46 911 23 25 30, Fax: +46 911 23 25 89

StockholmHornsbruksgatan 19, 117 34 StockholmTel. +46 8 462 64 30

VäxjöStorgatan 42, 352 32 Växjö Tel. +46 470 70 76 00, Fax +46 470 70 76 01

Technogarden Engineering Resources AB:GöteborgTheres Svenssons gata 11, 402 76 GöteborgTel. +46 735 14 10 00

KarlstadBryggaregatan 9, 653 40 KarlstadTel. +46 735 14 10 00

MalmöÖstra Varvsgatan 4, 211 19 MalmöTel. +46 735 14 10 00 / +46 40 627 13 30

StockholmHornsbruksgatan 19, 117 34 Stockholm Tel. +46 735 14 10 00 / +46 8 50 17 50 70 Offices as of June 2010

Offi ces outside the Nordic countries:

BOTSWANANorconsult (Botswana)(Pty) LtdPula Holding Building, 1st Floor, Plot no. 112Gaborone International Finance Park, GaboroneTel: +267 7211 6067

CHILE Norconsult Andina S.A. Av. Américo Vespucio 100, Piso 16Las Condes, Santiago De ChileTel: +56 2 207 5000 / +56 9 9225 6593

LAOSNorconsult (Laos) Co. Ltd.P.O. Box 9148, Luang Prabang Road, Vientiane Tel. +856 21 219 494, Fax +856 21 219 495

MOZAMBIQUENorconsult Mozambique Lda. Caixa Postal 2722, Av. Armando Tivane 1853, MaputoTel. +258 21 48 50 58, Fax +258 21 48 50 57

PHILIPPINESNorconsult Management Services (Phils), Inc.Unit 506, East Tower, PSE Center, Exchange Road,Ortigas Center, Pasig City, 1605 Metro Manila Tel. +63 2 635 3819, Fax +63 2 635 3820

SOUTH AFRICANorconsult Africa (Pty) Ltd The Business Centre, 1st Floor, Offi ce Suites 49/50377 Rivonia Boulevard, Rivonia, 2128, JohannesburgTel. +27 11 275 0433, Fax +27 11 275 0275

THAILANDNorCiv Engineering Co Ltd.121/86-87 RS Tower, 30th fl oor, Ratchadaphisak Road, Din Daeng, Bangkok 10400Tel. +662 642 2450, Fax +662 248 6821

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