Treasure ASA

M&A Activity • Dec 1, 2025

Treasure ASA: Acceptances received under cash offer of NOK 39.50 per share in Treasure ASA

Treasure ASA: Acceptances received under cash offer of NOK 39.50 per share in Treasure ASA

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Reference is made to the stock exchange announcement on 28 November 2025 by Wilh. Wilhelmsen Holding ASA regarding its acquisition of shares in Treasure ASA and launch of a cash offer to the remaining shareholders of Treasure ASA, subject to legal restrictions in certain jurisdictions, at NOK 39.50 per share (the "Offer"). Further reference is made to the announcements on 28 November 2025 and 1 December 2025 regarding acceptances received under the Offer at the date at time thereof.

Since the lates announcement, today at 13:25 hours CET, Wilh. Wilhelmsen Holding ASA has received, as of 16:30 hours CET, additional acceptances of the Offer for 355,968 shares in Treasure ASA. Following the latest transaction, Wilh. Wilhelmsen Holding ASA owns 201,726,076 shares in Treasure ASA, representing approximately 98.54% of the shares issued.

Wilh. Wilhelmsen Holding ASA is a company closely associated to Thomas Wilhelmsen, chairman of the board of directors of Treasure ASA and Christian Berg, member of the board of directors of Treasure ASA.

Since the lates announcement, today at 13:25 hours CET, the following primary insiders in Treasure ASA or closely associated persons or entities, have accepted the Offer: Marianne Hagen

Please refer to the enclosed notification forms for further information.

Shareholders in Treasure ASA who wish to accept the Offer can contact Arctic Securities on e-mail: settlement@arctic.com. Existing customers of Arctic Securities may also provide their order by telephone: +47 21 01 30 40. The Offer will remain open until Thursday 4 December at 16:30 hours CET or such time as decided by Wilh. Wilhelmsen Holding ASA at its sole discretion. Wilh. Wilhelmsen Holding ASA reserves its right at any time to close, extend, withdraw or terminate the Offer.

The Offer and the distribution of this announcement and other information in connection with the Offer may be restricted by law in certain jurisdictions ("Restricted Jurisdictions"). Wilh. Wilhelmsen Holding ASA does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or relevant information should come are required to inform themselves about and to observe any such restrictions. Copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or into Restricted Jurisdictions and so doing may invalidate any purported acceptance.

This stock exchange release was published by Thomas Finnema CFO, Treasure ASA on 1 December 2025 at 17:10 hours CET.

This information is subject to disclosure requirements pursuant to 5-12 of the Norwegian Securities Trading Act and section 19 of the Market Abuse Regulation (EU) 596/2014 (MAR).