Treasure ASA — M&A Activity 2018

Mar 28, 2018

Proposed restructuring Hyundai Glovis

Proposed restructuring Hyundai Glovis

Today, the Hyundai Motor Group issued a press release describing a restructuring plan to eliminate circular ownership within the group.

As part of this transaction, Hyundai Glovis will purchase operating assets from Hyundai Mobis through issuance of new shares. If the transaction obtains all necessary approvals in Korea (including the annual general meeting scheduled for 29 May), Treasure ASA's shareholding will be reduced from currently 12.04% to 4,64% once the planned transaction is completed in July 2018.

For details, please find public presentation material under https://www.glovis.net/Eng/ir/communityid/12/list.do

For further information please contact:

Benedicte Teigen Gude, SVP Corporate Communication, Wilh Wilhelmsen Holding ASA at +47 959 07 951

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