Treasure ASA: Acceptances received under cash offer of NOK 39.50 per share in Treasure ASA

01 Dec 2025 17:10 CET

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO CANADA,
AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL.

Reference is made to the stock exchange announcement on 28 November 2025 by
Wilh. Wilhelmsen Holding ASA regarding its acquisition of shares in Treasure ASA
and launch of a cash offer to the remaining shareholders of Treasure ASA,
subject to legal restrictions in certain jurisdictions, at NOK 39.50 per share
(the "Offer"). Further reference is made to the announcements on 28 November
2025 and 1 December 2025 regarding acceptances received under the Offer at the
date at time thereof.

Since the lates announcement, today at 13:25 hours CET, Wilh. Wilhelmsen Holding
ASA has received, as of 16:30 hours CET, additional acceptances of the Offer for
355,968 shares in Treasure ASA. Following the latest transaction, Wilh.
Wilhelmsen Holding ASA owns 201,726,076 shares in Treasure ASA, representing
approximately 98.54% of the shares issued.

Wilh. Wilhelmsen Holding ASA is a company closely associated to Thomas
Wilhelmsen, chairman of the board of directors of Treasure ASA and Christian
Berg, member of the board of directors of Treasure ASA.

Since the lates announcement, today at 13:25 hours CET, the following primary
insiders in Treasure ASA or closely associated persons or entities, have
accepted the Offer: Marianne Hagen

Please refer to the enclosed notification forms for further information.

Shareholders in Treasure ASA who wish to accept the Offer can contact Arctic
Securities on e-mail: settlement@arctic.com. Existing customers of Arctic
Securities may also provide their order by telephone: +47 21 01 30 40. The Offer
will remain open until Thursday 4 December at 16:30 hours CET or such time as
decided by Wilh. Wilhelmsen Holding ASA at its sole discretion. Wilh. Wilhelmsen
Holding ASA reserves its right at any time to close, extend, withdraw or
terminate the Offer.

The Offer and the distribution of this announcement and other information in
connection with the Offer may be restricted by law in certain jurisdictions
("Restricted Jurisdictions"). Wilh. Wilhelmsen Holding ASA does not assume any
responsibility in the event there is a violation by any person of such
restrictions. Persons into whose possession this announcement or relevant
information should come are required to inform themselves about and to observe
any such restrictions. Copies of this release and any related documents are not
being, and must not be, mailed, e-mailed or otherwise distributed or sent in or
into Restricted Jurisdictions and so doing may invalidate any purported
acceptance.

This stock exchange release was published by Thomas Finnema CFO, Treasure ASA on
1 December 2025 at 17:10 hours CET.

This information is subject to disclosure requirements pursuant to 5-12 of the
Norwegian Securities Trading Act and section 19 of the Market Abuse Regulation
(EU) 596/2014 (MAR).

More information:
Access the news on Oslo Bors NewsWeb site

661009_2025-12-01 PDMR notification (TW).pdf
661009_2025-12-01 PDMR notification (CB).pdf
661009_2025-12-01 PDMR notification (MH).pdf