Stable performance from the operating businesses delivered EBITDA of USD 36
million in the third quarter, with the Wilhelmsen group also benefitting from a
strong contribution from associates. This resulted in a profit of USD 148
million.  

Total income for the group was USD 253 million, up 8% from the third quarter of
2022, and down 2% from the previous quarter. EBITDA was USD 36 million, up 1%
from corresponding period last year but down 8% from the previous quarter. The
EBITDA margin was down in Maritime Services while improving in New Energy. 

"Maritime Services and New Energy are still performing well though EBITDA for
the group is somewhat lower than we had in the second quarter. Wallenius
Wilhelmsen continues their strong performance, and we continue to strengthen and
build the Wilhelmsen group for future success," says Thomas Wilhelmsen, group
CEO. 

The Maritime Services segment had a total income of USD 178 million in the third
quarter. This was up 14% from the corresponding period last year but down 4%
from the previous quarter. All main activities had a year-over-year increase in
total income, driven by volume growth, new acquisitions, and inflationary effect
on pricing. 

In the third quarter, total income for the New Energy segment was USD 74
million. EBITDA was USD 14 million, up 10% year-over-year and up 28% from the
previous quarter, in large driven by NorSea due to increased activities within
logistics as well as higher contributions from property activities. 

The Strategic Holdings and Investments segment reported a USD 151 million profit
to equity holders of the company in the third quarter. This reflected a second
consecutive quarter with all-time high contribution from Wallenius Wilhelmsen
ASA, a stable contribution from Hyundai Glovis, and financial income from group
companies. The investment in Hyundai Glovis has been reclassified from fair
value financial asset through income statement to associate and equity method in
financial reporting. The accounts for previous periods have been restated
accordingly. The impact on the consolidated balance sheet as of September 30,
2023, is an increase in total equity and retained earnings of USD 8.6 million.

Net profit to equity holders of the company was USD 143 million for the quarter,
equal to USD 3.24 earnings per share (EPS).

The board declared a second dividend of NOK 4.00 per share to be paid 22
November 2023.
 
Commenting on the outlook for the group, Wilhelmsen says: 
"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, 
contact:

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

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

About Wilh. Wilhelmsen Holding ASA

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
5-12 of the Norwegian Securities Trading Act.