Wilh. Wilhelmsen ASA

Regulatory Filings • Oct 27, 2015

EUKOR has agreed with Hyundai Motor Group to carry Hyundai/KIA vehicle exports from Korea for a further four years

EUKOR has agreed with Hyundai Motor Group to carry Hyundai/KIA vehicle exports from Korea for a further four years

EUKOR Car Carriers, owned 40% by Wilh. Wilhelmsen ASA,

has agreed with Hyundai Motor Group to carry

Hyundai/KIA vehicle exports from Korea for a further

four years. The new period commences from January

2016, through to 31 December 2019 with volume portion

adjusting from 50% in the first two-year period to 40%

of the exports in the second two-year period. Details

of the contract are still be to be finalized.

In 2014, EUKOR transported approximately 4.6 million

units of which 1.7 million where on behalf of Hyundai

and Kia.

The agreement confirms EUKOR's strong position in

Korea and is a proof of quality delivered under the

existing contract. Being strategically important for

the company's profitability going forward, the

agreement builds on EUKOR's ambitions to be a global

provider of quality car carrying services for a

diversified customer base.