Wilhelmsen Ship Management, a fully owned subsidiary of Wilh. Wilhelmsen Holding
ASA and a provider of third-party ship management services headquartered in
Singapore, and Hamburg-based asset manager MPC Capital have agreed to acquire
100 % of the company Zeaborn Ship Management.

Zeaborn manages a fleet of around 100 vessels, comprising of container ships and
bulkers as well as tankers and multi-purpose vessels, which are managed from
offices in Hamburg, Limassol, Singapore and Manila. 

The acquisition is the consistent next milestone in the partnership between
Wilhelmsen Ship Management and MPC Capital and their ship management joint
venture Wilhelmsen Ahrenkiel Ship Management and tanker specialist Barber Ship
Management. The expanded joint ship management activities of Wilhelmsen Ship
Management and MPC Capital will continue to be managed from Hamburg, advancing
Hamburg's position as a major ship management hub with more than 150 vessels in
technical management.

The closing of the transaction is expected for Q1 2024 and is subject to
approval by the competent antitrust authorities.

For further information,
contact:

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

Media:
Esther Gan
Vice President of Sustainability and Communication
Wilhelmsen Ship Management
Phone +65 6513 4670
Email: esther.gan@wilhelmsen.com

About Wilhelmsen Ship Management

Wilhelmsen Ship Management is a part of Wilhelmsen Maritime Services, a Wilh.
Wilhelmsen Group company. Wilhelmsen Ship Management is one of the world's
largest third-party ship managers with a portfolio of more than 450 vessels and
11,000 active seafarers. Wilhelmsen Ship Management provides technical and crew
management services for various vessel segments: LNG/LPG