Good performance from the operating businesses delivered an EBITDA of USD 38
million in the first quarter, with the Wilhelmsen group also receiving strong
contributions from associates. This resulted in a profit of USD 113 million for
the period.

Total income for the group was USD 264 million, up 1% from the first quarter of
2023 and up 3% from the previous quarter. EBITDA was USD 38 million, down 3%
from corresponding period last year though up 16% from the previous quarter.

"We held steady this first quarter, with stable performance from Maritime
Services and New Energy, among other closing the acquisition of Zeaborn Ship
Management. In combination with improved contributions from joint ventures and
especially Wallenius Wilhelmsen, I am pleased to see we are off to a good start
in 2024," says
Thomas Wilhelmsen, Group CEO.

The Maritime Services segment had a total income of USD 194 million in the first
quarter. This was up 6% from the corresponding period last year and up 4% from
the previous quarter. All main activities had a year-over-year increase in total
income, driven by the inflationary effect on pricing and partly an increase in
volumes and activities. On 31 March, Wilhelmsen and MPC Capital completed the
acquisition of Zeaborn Ship Management, announced in December.

Total income for the New Energy segment was USD 69 million in the first quarter.
This was down 8% from the corresponding period last year but up 1% from the
previous quarter. The reduction year-over-year was due to loss of income from
NorSea Wind which ceased operation last year.

The Strategic Holdings and Investments segment reported a USD 93 million profit
to equity holders of the company in the first quarter. This was up both
year-over-year and from the previous quarter due to higher contribution from
Wallenius Wilhelmsen ASA and Hyundai Glovis.

Net profit to equity holders of the company was USD 108 million for the quarter,
equal to USD 2.44 earnings per share (EPS).

Post quarter, the Annual General Meeting on 2 May approved the board's proposal
for a first dividend of NOK 10.00 per share and authorised the board to
distribute additional dividend of up to NOK 8.00 per share. In April, Wilhelmsen
completed buyback of 440,000 own shares split on 20,441 a-shares and 419,559
b-shares.

Commenting on the outlook for the group, Wilhelmsen says: "While uncertainty
persists, specifically regarding inflationary pressure and geopolitical tension,
we retain a strong balance sheet, and will continue to develop companies within
maritime services, shipping, logistics, renewables, and related infrastructure,
all while delivering consistent yearly dividends."

For further information, please contact:

Investors:
Åge Sturtzel
IRO
Wilh. Wilhelmsen Holding
Tel: (+47) 900 87 670
aage.sturtzel@wilhelmsen.com

Media:
Ole Jakob Ytterdal
VP Corporate Communication
Wilh. Wilhelmsen Holding ASA
Tel: +47 970 88 362
ole.j.ytterdal@wilhelmsen.com

About Wilhelmsen
Our vision is to shape the maritime industry.
Founded in Norway in 1861, Wilhelmsen is now a comprehensive global maritime
group providing essential products and services to the merchant fleet, along
with supplying crew and technical management to the largest and most complex
vessels ever to sail. Committed to shaping the maritime industry, we also seek
to develop new opportunities and collaborations in renewables, zero-emission
shipping, and marine digitalization. Supporting a diverse and inclusive
workplace, with thousands of colleagues across more than 60 countries, we take
innovation, sustainability and unparalleled customer experiences one step
further.
For more information, please visit www.wilhelmsen.com.

This information is subject to the disclosure requirements pursuant to section
of 5-12 of the Norwegian Securities Trading Act.