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Registration of the demerger of Wilh. Wilhelmsen ASA, increase of the share capital in Treasure ASA..

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Registration of the demerger of Wilh. Wilhelmsen ASA, increase of the share capital in Treasure ASA..

Registration of the demerger of Wilh. Wilhelmsen ASA, increase of the share capital in Treasure ASA and amendment of articles of association, publication of prospectus for Treasure ASA

7 June 2016 - The consummation of the demerger of

Wilh. Wilhelmsen ASA ("WWASA") was registered with the

Norwegian Registry of Business Enterprises after the

close of trading on Oslo Børs today on 7 June 2016.

The exchange ratio in the demerger is 52/48. As a

consequence of the demerger, the share capital of

WWASA has thus been reduced to NOK 114,400,000 from

NOK 220,000,000 through a reduction of the par value

of each existing share in WWASA to NOK 0.52 from NOK

1. Simultaneously, with the reduction in WWASA's share

capital, Treasure's share capital has been (i) reduced

to zero from NOK 1,000,000 by redeeming all shares in

Treasure and distributing the reduction amount to

WWASA and (ii) increased to NOK 22,000,000 from zero

by issuing 220,000,000 consideration shares in

Treasure to eligible shareholders. The consideration

shares each have a par value of NOK 0.10 and are

issued at a ratio of one consideration share in

Treasure for each share the eligible shareholders hold

in WWASA.

The consideration shares in Treasure will be

distributed on a pro rata basis to shareholders of

WWASA as of the expiry of the 7 June 2016 (the cut-off

date), as such shareholders appear in the

shareholders' register for WWASA at the Norwegian

Central Securities Depositary (VPS) as of 9 June 2016

(the record date). The consideration shares in

Treasure will be delivered and made available to

eligible shareholders on or about 10 June 2016.

The above-mentioned capital changes have resulted in

updated articles of association for both WWASA and

Treasure.

Treasure will from Wednesday 8 June 2016 trade under

the ticker "TRE" on Oslo Børs with ISIN NO 001

0763550. The prospectus prepared in connection with

the listing of Treasure is now available on

www.treasureasa.com and www.abgsc.no. Hard copies of

the prospectus may be obtained by contacting Morten

Lertrø, CFO of Treasure and investor relations contact

(morten.lertro@wilhelmsen.com or +47 90 41 99 94) or

ABG Sundal Collier Norge ASA (+47 22 01 60 00).

There is no change in the ISIN NO of WWASA, which will

still be NO0010571680.

Source: NewsWeb