Solid performance from the operating businesses delivered an EBITDA of USD 46
million in the second quarter, with the Wilhelmsen group also receiving strong
contributions from associates. This resulted in a profit of USD 173 million for
the period.
 
Total income for the group was USD 301 million, up 16% from the second quarter
of 2023 and up 14% from the previous quarter. EBITDA was USD 46 million, up 17%
from corresponding period last year and up 20% from the previous quarter.

"We remain committed to our energy infrastructure ambitions and increased our
ownership stake in Edda Wind in the second quarter. We also achieved higher
income and earnings in our New Energy segment in the same period. Maritime
Services kept growing steadily, driven by acquisitions, innovation, and an
increase across all main activities. Contributions from associates improved,
especially from our key strategic investment in Wallenius Wilhelmsen. It is
pleasing to see that we continue 2024 with another strong quarter," says Thomas
Wilhelmsen, Group CEO.

The Maritime Services segment had a total income of USD 220 million in the
second quarter. This was up 19% from the corresponding period last year and up
13% from the previous quarter. Income was lifted by revenue from the acquisition
of Zeaborn Ship Management, completed on 31 March. Excluding income from this
acquisition, income was up 5% year-over-year.

Total income for the New Energy segment was USD 80 million in the second
quarter. This was up 9% from the corresponding period last year and up 16% from
the previous quarter. The increase was due to higher income in NorSea.

The Strategic Holdings and Investments segment reported a USD 138 million profit
to equity holders of the company in the second quarter. This was up both
year-over-year and from the previous quarter due to higher contribution from
Wallenius Wilhelmsen ASA.

Net profit to equity holders of the company was USD 168 million for the quarter,
equal to USD 3.83 earnings per share (EPS).

In April, Wilhelmsen completed buyback of 440,000 own shares split on 20,441
a-shares and 419,559 b-shares.

On 2 May, the Annual General Meeting approved the board's proposal for a first
dividend of NOK 10.00 per share, paid on 31 May, and authorised the board to
distribute additional dividend of up to NOK 8.00 per share.

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.