Treasure ASA — Earnings Release 2020

Apr 1, 2020

Treasure ASA: Market update - 1. quarter 2020

Treasure ASA: Market update - 1. quarter 2020

• The share price of Hyundai Glovis moved from 143.000 KRW to 90.600 KRW (- 37%) and the USDKRW from 1155 to 1219 (-5%) during the quarter.

• Hyundai Glovis reported their financial results for full fiscal year 2019, again well-received by the stock market, and showed a healthy underlying development and financial performance.

• The AGM of Hyundai Glovis approved the proposed dividend of 3.500 KRW to be paid to shareholders during April 2020. In light of several large corporates cutting dividends as a result of current global slow-down, Treasure ASA currently has no indication of a withdrawal of the Hyundai Glovis dividend, so that the AGM-approved dividend of 0,40 NOK per share will following in the beginning of May.

• Hyundai Glovis is expected to release the Earnings Report for the first quarter 29 April 2020.

• Treasure ASA did not change its ownership during the quarter and the market value of the shareholding was 335 mUSD at the end of September.

For further information please contact:

Morten Lertrø, CFO Treasure ASA, + 47 90419994 or info@treasureasa.com