Wilh. Wilhelmsen ASA

M&A Activity • May 19, 2017

Wilh. Wilhelmsen Holding ASA: Wilhelmsen becomes majority owner in NorSea Group

Wilh. Wilhelmsen Holding ASA: Wilhelmsen becomes majority owner in NorSea Group

Wilhelmsen has entered into a letter of intent with Eidesvik

Eiendomsinvest AS and Simon Møkster Eiendom AS to acquire 32

% of the outstanding shares in NorSea Group AS.

Wilhelmsen expects the transaction to take place within a

couple of months. Subject agreement between the parties,

Wilhelmsen will be the majority owner with 72% of the

shares, while Eidesvik and Møkster will hold approximately

12% each. The management in NorSea Group holds the remaining

4%.

For inquiries, please contact

Benedicte Teigen Gude

Group vice president, corporate communication

Mobile: (+47) 95 90 79 51

benedicte.teigen.gude@wilhelmsen.com