NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA,
AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH
THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER
RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT
NOTICE AT THE END OF THE STOCK EXCHANGE RELEASE.

An extraordinary general meeting of Oppstartsfase I
ASA (to be renamed Wilh. Wilhelmsen ASA)
(the "Company") was held on 28 May 2010.

Further to the stock exchange of 28 May 2010 in which
the Board of Directors announced the final terms of
the global offering, the Extraordinary General
Meeting of WW ASA passed a resolution to increase the
share capital of the company with minimum NOK
36,571,400 and maximum NOK 127,934,000 through the
issue of minimum 36,571,400and maximum 127,934,000
new shares to be issued in the global offering.

The general meeting also resolved to split the
company's shares in the ratio 1:100 to a nominal
value of NOK 1 and to grant an authorisation to the
Board of Directors to increase the share capital of
the company.

The (corrected) minutes from the extraordinary
general meeting are enclosed hereto.

Important Notice

The contents of this announcement have been prepared
by and are the sole responsibility of the Company.
The Joint Global Co-ordinators and Bookrunners and
the Joint Lead Managers and Co-Bookrunners are acting
exclusively for the Company and no one else and will
not be responsible to anyone other than the Company
for providing the protections afforded to their
respective clients, or for advice in relation to the
contemplated Global Offering, the contents of this
announcement or any of the matters referred to herein.

The Global Offering and the distribution of this
announcement and other information in connection with
the Global Offering may be restricted by law in
certain jurisdictions. The Company assumes no
responsibility in the event there is a violation by
any person of such restrictions. Persons into whose
possession this announcement or such other
information should come are required to inform
themselves about and to observe any such
restrictions. This announcement may not be used for,
or in connection with, and does not constitute, any
offer of securities for sale in the United States or
in any other jurisdiction. The Global Offering will
not be made in any jurisdiction or in any
circumstances in which such offer or solicitation
would be unlawful.

This announcement is not for distribution, directly
or indirectly in or into any jurisdiction in which it
is unlawful to make any such offer or solicitation to
such person or where prior registration or approval
is required for that purpose. No steps have been
taken or will be taken relating to the Global
Offering in any jurisdiction outside of Norway in
which such steps would be required. Neither the
publication and/or delivery of this announcement
shall under any circumstances imply that there has
been no change in the affairs of the Company or that
the information contained herein is correct as of any
date subsequent to the earlier of the date hereof and
any earlier specified date with respect to such
information.

Securities may not be offered or sold in the United
States absent registration or an exemption from
registration. The Offer Shares offered in the Global
Offering have not been and will not be registered
under the United States Securities Act of 1933, as
amended (the "US Securities Act") or with any
securities regulatory authority of any state or other
jurisdiction of the United States, and may not be
offered or sold within the United States, except in
transactions exempt from registration under the US
Securities Act, or in any other jurisdiction in which
it would not be permissible to offer or sell such
Offer Shares. All offers and sales outside the United
States will be made in reliance on Regulation S under
the US Securities Act.

This document does not constitute an offering
circular or prospectus in connection with an offering
of securities of the Company. Investors must neither
accept any offer for, nor acquire, any securities to
which this document refers, unless they do so on the
basis of the information contained in the prospectus
to be published by the Company. This document does
not constitute an offer to sell, or the solicitation
of an offer to buy or subscribe for, any securities
and cannot be relied on for any investment contract
or decision.
This information is subject of the disclosure
requirements acc. to §5-12 vphl (Norwegian Securities
Trading Act)

WW ASA - Extraordinary General Meeting 28 May 2010 (minutes corrected)