Wilh. Wilhelmsen ASA

Wallenius Wilhelmsen Logistics, a WWH group company, received draft cease and desist order

Wallenius Wilhelmsen Logistics (WWL) has received a

draft cease and desist order and a draft surcharge

order from the Japanese Fair Trade Commission (JFTC).

WWL is owned 50% by Wilh. Wilhelmsen ASA, which is

owned 72.7% by Wilh. Wilhelmsen Holding ASA.

The draft order indicates that WWL, as one of several

companies in the industry, has participated in non-

competitive behaviour in automotive transportation.

The draft surcharge is estimated to USD 33 million

and primarily related to the Japan-Europe trade.

The draft cease and desist order and draft surcharge

order are provided to the companies concerned for

their review and comment, in advance of a final

ruling by the JFTC. WWL takes the matter very

seriously and will now carefully review the draft

decisions in order to respond to the JFTC's

preliminary findings.

The investigation into the car carrier trade

practices between Japan and other regions of the

world, which started in September 2012, has involved

a number of car carrying operators. EUKOR Car

Carriers, owned 40% by Wilh. Wilhelmsen ASA, was

initially included in the investigation, but has not

been named in the draft orders from the JFTC.

WWL has done its best to respond to the fair trade

authority's requests during the past 17 months, and

expects to receive the final cease and desist order

and final surcharge order from the JFTC in the second

quarter.

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