Reference is made to the stock exchange notice released today, 7 June, from
Wallenius Wilhelmsen regarding the restatement of their 2023 and Q1 2024
financial statements. As Wilh. Wilhelmsen Holding ASA (Wilhelmsen) use the
equity method for the shareholding in Wallenius Wilhelmsen, the restatement will
entail a restatement of the 2023 Wilhelmsen financial accounts as outlined
below. The estimated Q1 2024 restatement shows a positive effect on net income
of USD 6 million recognized as share of profit from associates. Future changes
in the book value of the option will be recognized in equity through other
comprehensive income.

Balance sheet (USD million)      2023 Adjustments Restated
					
Investment in associates           2,247   (370)     1,877 
Total assets                                  4,105   (370)     3,735 
					
Shareholders' equity                   2,702    (370)     2,332 
Non-controlling interest                155                   155 
Total equity                                  2,857   (370)     2,487 
Total equity in %                             70%               67%
					
Income statement (USD million)					

Share of profit from associates    431     2        433

While this have an effect on the equity ratio, the restatements will have no
cash effects and Wilhelmsen is firm on the financial targets and outlook for the
group communicated in the annual report for 2003 and the Q1 2024 report.

For further information,
contact:

Investors:
Åge Sturtzel
IRO
Wilh. Wilhelmsen Holding ASA
Tel: +47 900 87 670
aage.sturtzel@wilhelmsen.com

Media:
Ole Jakob Ytterdal
VP Corporate Communication
Wilh. Wilhelmsen Holding ASA
Tel: +47 970 88 362
Ole.j.ytterdal@wilhelmsen.com

About Wilhelmsen
Our ambition is to shape the maritime industry.
Founded in Norway in 1861, Wilhelmsen is now a comprehensive global maritime
group providing essential products and services to the merchant fleet, along
with supplying crew and technical management to the largest and most complex
vessels ever to sail. Committed to shaping the maritime industry, we also seek
to develop new opportunities and collaborations in renewables, zero-emission
shipping, and marine digitalization. Supporting a diverse and inclusive
workplace, with thousands of colleagues across more than 60 countries, we take
innovation, sustainability and unparalleled customer experiences one step
further.
For more information, please visit wilhelmsen.com.