Wilh. Wilhelmsen ASA

Share Issue/Capital Change • Apr 19, 2017

WWI/WWIB: Wallenius Lines AB announces commencement of bookbuilding for sale of shares in Wallenius Wilhelmsen Logistics ASA

WWI/WWIB: Wallenius Lines AB announces commencement of bookbuilding for sale of shares in Wallenius Wilhelmsen Logistics ASA

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR

INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA

OR JAPAN OR IN ANY JURISDICTION IN

WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE

UNLAWFUL

19 April 2017

Wallenius Lines AB announces commencement of bookbuilding

for sale of shares in Wallenius Wilhelmsen Logistics ASA

Reference is made to announcements by Wallenius Wilhelmsen

Logistics ASA, formerly named Wilh. Wilhelmsen ASA

(the "Company"), regarding the recently completed merger

with Wallroll AB, with the Company as the surviving entity

(the "Merger").

As previously announced, it has been agreed that Wallenius

Lines AB ("Wallenius") subsequent to completion of the

Merger shall reduce its shareholding in the Company by

43,104,938 shares, equal to 10.2% of the total number of

outstanding shares in the Company after completion of the

Merger. Following such sell-down, Wallenius will own

160,000,000 shares in the Company equivalent to an ownership

of 37.8% in the Company, and equal to Wilh. Wilhelmsen

Holding ASA's shareholding in the Company. Please refer to

the announcement made by the Company on 22 December 2016 for

further details.

In accordance with the above, Wallenius hereby announces the

commencement of a bookbuilding exercise to sell up to

43,104,938 shares in the Company, approximately 10.2% of the

total number of outstanding shares in the Company.

The bookbuilding will commence today, 19 April 2017, at

16:30 CET. The bookbuilding is expected to close this

evening and is subject to acceleration at short notice. The

transaction is expected to be priced and allocated before

the opening of Oslo Stock Exchange on 20 April 2017.

Arctic Securities AS, Nordea Bank AB (publ), filial i Norge

and Skandinaviska Enskilda Banken AB (publ) Oslo Branch have

been appointed as Joint Bookrunners for the contemplated

sell-down.

Wallenius is represented on the Board of Directors of the

Company.

This information is subject to the disclosure requirement

set out in section 4-2 of the Norwegian Securities Trading

Act.

Wallenius Lines AB

Important Notice

The distribution of this announcement and the offer and sale

of the shares in certain jurisdictions may be restricted by

law. The shares may not be offered to the public in any

jurisdiction in circumstances which would require the

preparation or registration of any prospectus or offering

document relating to the shares in such jurisdiction. No

action has been taken by Wallenius or the Joint Bookrunners

or any of their respective affiliates that would permit an

offering of the shares or possession or distribution of this

announcement or any other offering or publicity material

relating to such securities in any jurisdiction where action

for that purpose is required. Persons into whose possession

this announcement comes are required to inform themselves

about and to observe any such restrictions. Any failure to

comply with these restrictions may constitute a violation of

the securities laws of any such jurisdiction.

This press release is for information purposes only and does

not constitute or form a part of an offer to sell or a

solicitation of an offer to purchase any security of the

Company in the United States or in any other jurisdiction

where such offer or solicitation is unlawful. The securities

of the Company described in this press release have not been

and will not be registered under the U.S. Securities Act of

1933, as amended (the "Securities Act"), or any applicable

state or foreign securities laws and may not be offered or

sold in the United States absent registration or an

exemption from the registration requirements of the

Securities Act. There will be no public offering of

securities in the United States.