NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN UNITED STATES,
CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION IN WHICH THE DISTRIBUTION OR
RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. 

With reference to the authorization given by the Annual General Meeting of Wilh.
Wilhelmsen Holding ASA (the "Company") on 2 May 2024 for the Board of Directors
to acquire up to 10% of outstanding shares in the Company, the Company hereby
launches a tender offer to purchase up to 875,000 shares in the Company (the
"Offering"). The Offering will be conducted as a reverse book building process
in which shareholders can submit sales offers.

The acquisition of A-shares and B-shares, and the split between the two share
classes, are subject to offer demand and prices and as further determined by the
Company's board. The Company reserves the right, at its own discretion, to
acquire fewer shares or no shares at all in the Offering. 

The purchase of shares will not impact previously announced dividend guidance.
The purpose of the Offering is to cancel the shares acquired in the Offering or
settlement of shares in the employee share program.

The Company has mandated DNB Markets, a part of DNB Bank ASA as sole bookrunner.


All shareholders in the Company are invited to sell shares in the Offering,
subject to the restrictions set out herein. Shareholders wanting to sell shares
in the Offering are required to complete and send the attached acceptance form
to DNB Markets at demand@dnb.no before the end of the Application Period (as
defined below). Existing customers of DNB Markets can contact DNB Markets at +47
24 16 90 20 with their respective volume and price targets. 

The Offering will be carried out by means of a reverse book building process
where the Company, through DNB Markets, will receive offers for desired
volume(s) at desired price(s) for sale from the shareholders. The Company
reserves the right to, at its own discretion, accept any volume up to an
accepted price, or to reject all received offers in the contemplated Offering.
The Company may further, at its sole discretion amend, terminate or withdraw the
Offering at any time until the time of completion of the Offering.

The application period for tendering shares in the Offering commences at 09:00
hours (CEST) on 19 August 2024 and is expected to close at 16:30 hours (CEST) on
21 August 2024 (the "Application Period"). The final price offered by the
Company and the allocation of tendered shares are expected to be resolved by the
Company on or about 22 August 2024, the trade date is expected to be on or about
23 August 2024 and the settlement date is expected to be on or about 27 August
2024. The settlement will either be conducted on a normal
delivery-versus-payment basis (DVP) or through the VPS system. The Company
reserves the right to extend the Application Period at its own discretion. If
the Application Period is extended the other dates referred to herein may be
amended accordingly.

The Company will - in the event of receiving acceptances above 875,000 shares -
depending on the prices and volumes shown by selling shareholders and subject to
the restrictions set out herein and applicable legislation, allocate shares at
its discretion between the share classes, with the equal treatment of
shareholders as the primary objective.

The Company currently has a total of 44,580,000 shares issued, of which the
Company holds 306,741 A-shares and 519,559 B-shares prior to the Offering,

For further information, please contact: Åge Sturtzel, VP Investments and IR,
Tel: (+47) 90 08 76 70 - email: aage.sturtzel@wilhelmsen.com, or Thomas Finnema,
Head of Treasury, Tel: (+47) 48 15 51 59. 

IMPORTANT NOTICE 

The Offering will be carried out in accordance with applicable laws and
regulations and information pertaining to the Offering will be disclosed by way
of stock exchange notices. 

The information contained herein about the Offering is considered to be inside
information pursuant to the EU Market Abuse Regulation (MAR) and is subject to
the disclosure requirements pursuant to MAR article 17 and section 5-12 of the
Norwegian Securities Trading Act. This stock exchange release was published by
Thomas Finnema on 19 August 2024 at 08:00 (CEST). 

Shareholders considering to tender their shares in the Offering are advised to
consult with their own tax advisers with respect to the tax position in their
country of residence or other jurisdictions to which they may have a tax
liability as a result of a sale of shares in the Offering. 

The Offering and the distribution of this announcement and other information in
connection with the Offering may be restricted by law in certain jurisdictions
(including, but not limited to, the United States, Canada, Australia and Japan).
Neither the Company nor the bookrunner in the Offering assume any responsibility
in the event there is a violation by any person of such restrictions. This
includes shareholders who have changed their domicile to such jurisdictions but
which may access their VPS accounts. Persons into whose possession this
announcement or relevant information should come are required to inform
themselves about and to observe any such restrictions. The Offering is not being
made directly or indirectly in, or by use of the mails of, or by any means or
instrumentality of interstate or foreign commerce of, or any facilities of a
national securities exchange of, the United States of America, its territories
and possessions, any State of the United States and the District of Columbia
(the "United States") or any other jurisdiction in which this would be unlawful,
require registration or other measures. This includes, but is not limited to,
facsimile transmission, internet delivery, e-mail and telephones. 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 the United States or any
such jurisdiction and so doing may invalidate any purported acceptance.