Treasure ASA

Earnings Release • Apr 9, 2019

Treasure ASA: Market update - 1. quarter 2019

Treasure ASA: Market update - 1. quarter 2019

• The share price of Hyundai Glovis moved from 129.000 KRW to 128.500 KRW and the USDKRW from 1116 to 1135 during the quarter.

• Hyundai Glovis completed its Annual General Meeting in the quarter, with the main take-away being a 10% increase in dividend (to 3.300 KRW per share).

• At the time of writing, Treasure ASA has no information on the timing and structure of a revised restructuring of the Hyundai Group (of which Hyundai Glovis is expected to be an integral part), but remains positive with respect to any restructuring which will improve governance structure. We continue to closely monitor and analyze relevant news flow and will inform the market accordingly on material consequences for the company.

• Hyundai Glovis is expected to release the Earnings Report for the first quarter 29 April 2019.

• Treasure ASA did not change its ownership during the quarter and the market value of the shareholding was 580 mUSD at the end of March.

For further information please contact:

Morten Lertrø, CFO Treasure ASA, + 47 90419994 or info@treasureasa.com