Treasure ASA

Delisting Announcement • Jun 3, 2016

Oslo Børs approves listing of Treasure ASA

Oslo Børs approves listing of Treasure ASA

3 June 2016 - Reference is made to the previous stock

exchange notices made by Wilh. Wilhelmsen ASA (WWASA)

regarding the restructuring of WWASA, whereby the

shares in Den Norske Amerikalinje AS (owning the

12.04% shareholding in Hyundai Glovis Co. Ltd.

(Hyundai Glovis) is demerged from WWASA and merged

into a separately entity, Treasure ASA (Treasure),

which will be listed on Oslo Børs upon the completion

of the demerger.

The board of directors of Oslo Børs has today approved

the listing of the shares in Treasure on Oslo Børs,

subject to completion of the demerger of WWASA and

publication of the prospectus.

The creditor notice period applicable to the demerger

expires at 24:00 hours CET on 6 June 2016 and the

consummation of the demerger will be registered with

the Norwegian Register of Business Enterprises

following close of trading on Oslo Børs on 7 June 2016.

Below are key dates related to the consummation of the

demerger of WWASA and listing of the shares of

Treasure on Oslo Børs:

* Last day of trading in the WWASA shares inclusive

of right to consideration shares as demerger

consideration (cut-off date): 7 June 2016

* Registration of the completion of the demerger

with the Norwegian Register of Business Enterprises: 7

June 2016 (after close of trading)

* First day of trading in the WWASA shares exclusive

of right to consideration shares as demerger

consideration: 8 June 2016

* First day of trading in the Treasure shares on

Oslo Børs: 8 June 2016

* Record date(*): 9 June 2016

* Delivery of the Treasure consideration shares to

eligible shareholders' VPS accounts: 10 June 2016

(*)Shareholders of WWASA as of the expiry of the cut-

off date and as they appear in WWASA's shareholders

register with the VPS as of expiry of the record date,

will receive one consideration share in Treasure for

each share they own in WWASA as of expiry of the cut-

off date as recorded with the VPS.

Trading in the Treasure shares will commence prior to

delivery of such shares to eligible shareholders VPS

accounts. Trades during this period until delivery of

the shares to eligible shareholders' VPS accounts will

be settled on a T+2 basis. No account-to-account

transactions and no transactions with settlement prior

to 10 June 2016 will be allowed in this period.