Wallenius Wilhelmsen

AGM Information • Jun 14, 2010

WW ASA - Notice regarding the Global Offering

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED

STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE

DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.

PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE STOCK EXCHANGE NOTICE.

The Company has been informed by the Joint Global Coordinators and Bookrunners

for the Global Offering, Carnegie ASA and Pareto Securities AS, that the book is

exceeding the minimum targeted offer size of USD 200-400 million. Consequently,

the Book-building Period for the Institutional Offering is expected to close on

15 June 2010 at 17:30 hours (CET) as originally planned.

For further information about the Global Offering, please refer to the

Prospectus dated 1 June 2010.

Important Notice

The contents of this announcement have been prepared by and are the sole

responsibility of the Company. The Joint Global Co-ordinators and Bookrunners

and the Joint Lead Managers and Co-Bookrunners are acting exclusively for the

Company and no one else and will not be responsible to anyone other than the

Company for providing the protections afforded to their respective clients, or

for advice in relation to the contemplated Global Offering, the contents of this

announcement or any of the matters referred to herein.

The Global Offering and the distribution of this announcement and other

information in connection with the Global Offering may be restricted by law in

certain jurisdictions. The Company assumes no responsibility in the event there

is a violation by any person of such restrictions. Persons into whose possession

this announcement or such other information should come are required to inform

themselves about and to observe any such restrictions. This announcement may not

be used for, or in connection with, and does not constitute, any offer of

securities for sale in the United States or in any other jurisdiction. The

Global Offering will not be made in any jurisdiction or in any circumstances in

which such offer or solicitation would be unlawful.

This announcement is not for distribution, directly or indirectly in or into any

jurisdiction in which it is unlawful to make any such offer or solicitation to

such person or where prior registration or approval is required for that

purpose. No steps have been taken or will be taken relating to the Global

Offering in any jurisdiction outside of Norway in which such steps would be

required. Neither the publication and/or delivery of this announcement shall

under any circumstances imply that there has been no change in the affairs of

the Company or that the information contained herein is correct as of any date

subsequent to the earlier of the date hereof and any earlier specified date with

respect to such information.

Securities may not be offered or sold in the United States absent registration

or an exemption from registration. The Offer Shares offered in the Global

Offering have not been and will not be registered under the United States

Securities Act of 1933, as amended (the âEURUS Securities ActâEUR?) or with any

securities regulatory authority of any state or other jurisdiction of the United

States, and may not be offered or sold within the United States, except in

transactions exempt from registration under the US Securities Act, or in any

other jurisdiction in which it would not be permissible to offer or sell such

Offer Shares. All offers and sales outside the United States will be made in

reliance on Regulation S under the US Securities Act.

This document does not constitute an offering circular or prospectus in

connection with an offering of securities of the Company. Investors must neither

accept any offer for, nor acquire, any securities to which this document refers,

unless they do so on the basis of the information contained in the prospectus to

be published by the Company. This document does not constitute an offer to sell,

or the solicitation of an offer to buy or subscribe for, any securities and

cannot be relied on for any investment contract or decision.

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1423675]