Strong performance from the operating businesses delivered an EBITDA of USD 46
million in the first quarter. The Wilhelmsen group further received strong
contributions from associates. This resulted in a profit of USD 137 million for
the period.

Total income for the group was USD 297 million, up 12% from the first quarter of
2024, and up 7% from the previous quarter. EBITDA ended at USD 46 million, up
20% from the corresponding period last year, and up 25% from the previous
quarter.

"It is pleasing to see a continued strong performance from our operating
businesses, with good growth in both topline and EBITDA. Combined with the solid
contributions from Wallenius Wilhelmsen and Hyundai Glovis, this has been a good
quarter across all segments in the group. We remain committed to building on
this momentum for continued success," says Thomas Wilhelmsen, group CEO.

The Maritime Services segment had a total income of USD 213 million in the first
quarter. This was up 10% from the corresponding period last year, and up 6% from
the previous quarter. The increase partly reflected revenue from last year
acquisition of Zeaborn Ship Management. Excluding income from the Zeaborn
acquisition, income was up 4% year-over-year.

Total income for the New Energy segment was USD 82 million, up 19% from the
corresponding period last year, and up 9% from the previous quarter.
Year-over-year, income was lifted by increased activities in NorSea.

The Strategic Holdings and Investments segment reported a USD 97 million profit
to equity holders of the company in the first quarter. This was up
year-over-year mainly due to higher contribution from Wallenius Wilhelmsen ASA
and Hyundai Glovis.

Net profit after financial items and tax was USD 137 million and net profit to
equity holders of the company was USD 132 million, equal to USD 3.13 earnings
per share (EPS).

The Annual General Meeting on 30 April approved a first dividend of NOK 12.00
per share and authorised the board to distribute additional dividend of up to
NOK 8.00 per share. This is in line with the targeted 3 - 5% dividend yield over
time.

Post quarter, Wilhelmsen and two co-owners made an offer to buy all shares in
Edda Wind ASA.

Commenting on the outlook for the group, Wilhelmsen says:
"While uncertainty persists, specifically regarding geopolitical tension and an
uncertain global trade environment, the group retains its capacity to support,
grow, and expand the business portfolio, and to deliver consistent yearly
dividends."

For further information, please contact:

Investors:
Åge Sturtzel
VP Investor Relations and Corporate Support
Wilh. Wilhelmsen Holding ASA
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
Wilhelmsen is an industrial holding company within the maritime industry. The
group's main activities are within maritime services, offshore energy services,
and RoRo shipping and vehicle logistics. These activities are carried out
through fully and partly owned entities, most of which are among the market
leaders within their segments. Founded in Norway in 1861, Wilhelmsen maintains a
vision of shaping the maritime industry.

Read more at: wilhelmsen.com.

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