Solid performance from the operating businesses delivered an EBITDA of USD 38
million in the third quarter. The Wilhelmsen group further received strong
contributions from associates. This resulted in a profit of USD 136 million for
the period.

Total income for the group was USD 295 million, up 16% from the third quarter of
2023, but down 2% from the previous quarter. EBITDA ended at USD 38 million, up
6% from the corresponding period last year, but down 17% from the previous
quarter.

"Pleased to see that we continue to deliver good annual growth. Our operating
businesses deliver higher income, at the same time as we continue to receive
high contributions from our key strategic investments in Wallenius Wilhelmsen
and Hyundai Glovis," says Thomas Wilhelmsen, group CEO.

The Maritime Services segment had a total income of USD 216 million in the third
quarter. This was up 21% from the corresponding period last year, but down 2%
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 8% year-over-year.

Total income for the New Energy segment was USD 78 million, up 5% from the
corresponding period last year, but down 2% from the previous quarter as the
second quarter was lifted by a USD 2 million one-off income in NorSea Group.

The Strategic Holdings and Investments segment reported a USD 114 million profit
to equity holders of the company in the third quarter. While remaining at a high
level, this was down both year-over-year and from the previous quarter due to
lower contribution from Wallenius Wilhelmsen ASA.

Net profit after financial items and tax was USD 136 million and net profit to
equity holders of the company was USD 131 million, equal to USD 3.05 earnings
per share (EPS).

In August, Wilhelmsen completed buyback of 875,000 own shares split on 656,000
a-shares and 219,000 b-shares for a total consideration of USD 33 million.

Post quarter, Wilhelmsen increased the shareholding in Treasure ASA from 78.7%
to 84.2%, for a total consideration of USD 30 million.

A second dividend of NOK 8.00 per share will be paid on 20 November, bringing
total dividend for the year to NOK 18.00.

Commenting on the outlook for the group, Wilhelmsen says:
"While uncertainty persists, specifically regarding 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.