Wallenius Lines AB has appointed advisors

2017-03-02

Wallenius Lines AB ("Wallenius") has appointed advisors in connection with the contemplated share placement in Wilh. Wilhelmsen ASA ("WWASA") to be renamed Wallenius Wilhelmsen Logistics ASA ("WWLASA").

Reference is made to the stock exchange announcement from WWASA on 22 December 2016 whereby Wallenius and WWASA have agreed to merge their jointly owned investments in addition to the ownership of the parties' vessels and other assets and liabilities.

Closing of the merger is expected by early April 2017, subject to relevant regulatory approvals.

As stated in the above mentioned stock exchange announcement, it is agreed that Wallenius subsequent to completion of the merger shall reduce its shareholding in WWLASA by 43,104,938 shares (the "Incremental Shares"), equal to approximately 10.2% of the total number of outstanding shares in WWLASA after completion of the merger. Subject to certain conditions, at least 25% of the Incremental Shares shall be sold within four weeks after completion of the merger, and the remaining Incremental Shares shall be sold no later than three weeks after the second quarterly reporting of WWLASA following completion of the merger.

In connection with the sell-down Wallenius has appointed Arctic Securities AS, Nordea Bank AB (publ), filial i Norge and Skandinaviska Enskilda Banken AB (publ) Oslo Branch ("SEB") as Joint Bookrunners.

For further information please contact Per Ljungberg (tel +46 70 638 38 86) in Wallenius or Thomas Wrede-Holm (tel +47 4569 0339) or Jon Nyman (tel +47 4145 9628) in SEB.