Wilh. Wilhelmsen Holding ASA (WWH) has, in an ongoing court case to which WWH is
not a party, been requested to provide an internal document related to
evaluation of performance under the Long Term Incentive (LTI) plan for
Executives in WWH as referred to in its Remuneration report for 2022. WWH does
not publish such internal value-related document. Following the above-mentioned
formal, judicial request for non-public information, the board of directors of
WWH has decided to provide the said document and make the document generally
available as an assumed one-time publication on its website under Annual reports
for 2022.

WWH has for a long period of time used development of value of its shareholdings
(including in fully or majority owned companies and strategic holdings and
investments) as one of several KPIs in its incentive schemes. The measure is
mainly based on publicly available market prices and data disclosed in the WWH
quarterly reports. The measure is developed for internal use - solely to define
a criteria for incentive plan purposes - where the objective is to use
development of value of the shareholdings as a basis for variable compensation.
The now published document and its content shall not be taken as an opinion on
the value of the shares in WWH.

For further information,
contact:
Ole Jakob Ytterdal
VP Corporate Communication
Wilh. Wilhelmsen Holding ASA
Tel: +47 970 88 362
Ole.j.ytterdal@wilhelmsen.com