| Code: 114779 |

TIN news:  On December 22 2016, Wallenius Lines and Wilh. Wilhelmsen Holding signed an agreement leading to new ownership structure for their jointly owned investments in Wallenius Wilhelmsen Logistics, EUKOR Car Carriers and American Roll on Roll off Carrier as well as vessels.
Key elements of the transaction
• The Merger is based on the goal that both parties will own an equal part (appr. 40%) of WWL ASA upon completion of the merger.
• Closing of the merger is expected by early April 2017, subject to relevant regulatory and shareholders’ approval.
The agreement is an important step in the process to create the world leading logistic company in the ro-ro-segment, says Anders Boman, CEO, Wallenius Lines. When we launch the new company in April 2017, WWL ASA will be a more efficient organisation that will realize significant synergies.
The markets in which the jointly owned entities operate are going through rapid change and require a more agile and efficient business model. In addition to establishing a common owner and governance structure, the proposed merger is expected to enable synergies in the upper range of USD 50-100 million.

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