Reference is made to the stock exchange notice released today, 7 June, from Wallenius Wilhelmsen regarding the restatement of their 2023 and Q1 2024 financial statements. AsWilh. Wilhelmsen Holding ASA (Wilhelmsen ) use the equity method for the shareholding inWallenius Wilhelmsen , the restatement will entail a restatement of the 2023Wilhelmsen financial accounts as outlined below. The estimated Q1 2024 restatement shows a positive effect on net income ofUSD 6 million recognized as share of profit from associates. Future changes in the book value of the option will be recognized in equity through other comprehensive income. Balance sheet (USD million) 2023 Adjustments Restated Investment in associates 2,247 (370) 1,877 Total assets 4,105 (370) 3,735 Shareholders' equity 2,702 (370) 2,332 Non-controlling interest 155 155 Total equity 2,857 (370) 2,487 Total equity in % 70% 67% Income statement (USD million) Share of profit from associates 431 2 433 While this have an effect on the equity ratio, the restatements will have no cash effects andWilhelmsen is firm on the financial targets and outlook for the group communicated in the annual report for 2003 and the Q1 2024 report. For further information, contact: Investors: Åge Sturtzel IROWilh. Wilhelmsen Holding ASA Tel: +47 900 87 670 aage.sturtzel@wilhelmsen.com Media:Ole Jakob Ytterdal VP Corporate CommunicationWilh. Wilhelmsen Holding ASA Tel: +47 970 88 362 Ole.j.ytterdal@wilhelmsen.com AboutWilhelmsen Our ambition is to shape the maritime industry. Founded inNorway 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 wilhelmsen.com.
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