Wallenius Wilhelmsen — M&A Activity 2016

Mar 17, 2016

Detailed stock exchange announcement: Proposed demerger of Wilh. Wilhelmsen ASA with transfer to Treasure ASA and call for an EGM

Detailed stock exchange announcement: Proposed demerger of Wilh. Wilhelmsen ASA with transfer to Treasure ASA and call for an EGM

Detailed stock exchange announcement: Proposed

demerger of Wilh. Wilhelmsen ASA with transfer to

Treasure ASA and call for an EGM

Reference is made to the stock exchange notice of 10

February 2016 regarding the proposed restructuring of

the Wilh. Wilhelmsen ASA (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, which will be listed

on Oslo Børs upon the completion of the demerger.

The board of directors of WWASA and Treasure ASA today

announce that they have signed a joint demerger plan

and resolved to propose to the respective general

meetings that the shareholders shall approve the

demerger of WWASA, whereby all WWASA's shares in Den

Norske Amerikalinje AS are transferred to Treasure ASA.

An EGM to deal with the demerger is to be held on 20

April 2016.

The detailed stock exchange announcement, as well as

the demerger documents and notice to an EGM is

attached hereto.