Wilh. Wilhelmsen Holding ASA: Share buy back result

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES.

Reference is made to the notice issued on 10 May 2023, where Wilh. Wilhelmsen Holding ASA (the "Company") launched an offer to all shareholders to purchase up to 400,000 shares in the Company through a reverse book building process (the "Offering"). The application period expired at 16:30 hours (CEST) on 12 May 2023.

Following the end of the application period, the Company has resolved to buy 300,000 A-shares and 100,000 B-shares, at price per share of NOK 275.00 for A-shares and NOK 270.00 for B-shares.

Allocation notifications will be sent to shareholders having tendered shares in the Offering on or about 15 May 2023. The trade date is expected to be on or about 15 May 2023 and the settlement date is expected to be on or about 19 May 2023. The settlement will be conducted on a normal delivery-versus-payment basis (DVP) or through the VPS system.

Following settlement of the Offering, Wilh. Wilhelmsen Holding ASA will own 300,000 A-shares and 100,000 B-shares.

For further information, please contact: Åge Sturtzel, VP Investments and IR, Tel: (+47) 90 08 76 70 - email: aage.sturtzel@wilhelmsen.com, or Thomas Finnema, Head of Treasury +47 48 15 51 59.

The information contained herein about the Offering is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and section 5-12 of the Norwegian Securities Trading Act. This stock exchange release was published by Åge Sturtzel, VP Investments and IR, Wilh. Wilhelmsen Holding ASA on 12 May 2023 at 17:30 (CEST).

IMPORTANT NOTICE

The Offering and the distribution of this announcement and other information in connection with the Offering may be restricted by law in certain jurisdictions (including, but not limited to, the United States, Canada, Australia and Japan). None of the Company or the Managers assume any responsibility in the event there is a violation by any person of such restrictions. This includes shareholders who have changed their domicile to such jurisdictions but which may access their VPS accounts. Persons into whose possession this announcement or relevant information should come are required to inform themselves about and to observe any such restrictions. The Offering is not being made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States of America, its territories and possessions, any State of the United States and the District of Columbia (the "United States") or any other jurisdiction in which this would be unlawful, require registration or other measures. This includes, but is not limited to, facsimile transmission, internet delivery, e-mail and telephones. Copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or into the United States or any such jurisdiction and so doing may invalidate any purported acceptance.