Rejlers Secures Framework Agreement with Agder Energi Group

Regulatory News:

Rejlers (STO:REJL)

Agder Energi, with its companies Agder Energi Nett, Agder Energi Vannkraft and Agder Energi Varme, has signed a framework agreement with Rejlers Norway for engineering consultancy services. The contract runs for two years, with an option for a further two plus one years, and has a value of around NOK 125 million.

The agreement covers, among other things, engineering consultancy services within Electrical power, Electrical engineering, Energy, Surveying and documentation and also Construction and environment.

"Rejlers has been an important supplier of engineering consultancy services to Agder Energi for a number of years in connection with expansion and maintenance of technical infrastructure. Rejlers aims to lead the way in the digitalisation of electrical power. The market for Automatic Meter Reading (AMR) is currently being rolled out, and all companies in Norway will have two-way communication with the network by 2019. Rejlers is already dominant in this field in Norway thanks to the acquisition of Embriq. We are proud and pleased, therefore, to have received this renewed confidence and look forward to extending the cooperation,” comments Morten Thorkildsen, CEO at Rejlers Norway.

Agder Energi Nett owns and operates the regional and distribution power network in the two Agder counties, with a total of 20,900 km of lines and cables. The company transmits energy to 190,000 customers in the Agder area, making it Norway’s fourth largest distribution company. Agder Energi Nett has 157 employees and its head office is in Arendal. It is a subsidiary of the Agder Energi group. Visit www.ae.no

Agder Energi Vannkraft operates 47 wholly and partially owned power stations in Aust-Agder and Vest-Agder counties, as well as in south-western Telemark. In total, the company produces 5 % of Norway’s total energy needs. Agder Energi Vannkraft has 169 employees and is a subsidiary of the Agder Energi group. Visit www.ae.no

Agder Energi Varme supplies district heating and district cooling to Grimstad, Arendal and Kristiansand. The company currently supplies district heating to over 190 public and private buildings. Agder Energi Varme has around 1,400 domestic customers in apartment buildings and housing cooperatives and is a subsidiary of the Agder Energi group. Visit www.ae.no

Rejlers is one of the largest engineering consultancy firms in the Nordic region. Our 2,100 experts work with projects in the areas of Building and property, Energy, Industry and Infrastructure. At Rejlers, you will meet specialist engineers with the knowledge, cutting edge expertise and energy to achieve results. We are still experiencing rapid growth and can now be found in 80 locations in Sweden, Finland and Norway. Rejlers recorded revenue of SEK 1.7 billion in 2014 and its class B share is listed on NASDAQ Stockholm.

Rejlers discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.The information was submitted for publication at 08.00 am on January 8th 2015.

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