Fred. Olsen Ocean Ltd. divests 50% ownership in United Wind Logistics GmbH

20 Mar 2025 16:01 CET

Fred. Olsen Ocean Ltd. (“FOO”), a wholly owned subsidiary of Bonheur ASA, has
today entered into an agreement for the sale of its 50% stake in United Wind
Logistics GmbH (“UWL”) to United Heavy Lift GmbH & Co. KG.

UWL has a fleet of three deck carriers and offers services within marine
transportation.

The sales price of the stake is EUR 48.5 million. The ownership in UWL was
originally acquired in 2019 for EUR 12 million. Including a repayment of
shareholder loans, the gross proceeds from the divestment will be approximately
EUR 51.2 million, with closing expected on 30 April 2025.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Øyvind Engesrønning, VP Finance in Fred. Olsen &
Co. AS, on 20 March 2025 at 16:00 CET.

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