Treasure ASA: Final results of cash offer by Wilh. Wilhelmsen Holding ASA and holdings following compulsory acquisition

05 Dec 2025 07:30 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 jurisdiction, at NOK 39.50 per share
(the "Offer"). Reference is further made to the announcement on 4 December 2025
regarding Wilh. Wilhelmsen Holding ASA's completion of the Offer and resolution
of a compulsory acquisition of remaining shares in Treasure ASA.

The offer period under the Offer expired on 4 December 2025, at 16:30 hours CET.
Following verification of acceptances, the Offer was accepted for a total of
4,430,054 shares, increasing the holding of Wilh. Wilhelmsen Holding ASA to
203,370,250 shares in Treasure ASA, representing approximately 99.34% of the
outstanding shares and voting rights.

Wilh. Wilhelmsen Holding ASA resolved, effective from after close of trading on
the Oslo Stock Exchange, on 4 December 2025, to carry out a compulsory
acquisition of all remaining shares in Treasure ASA, and as a consequence, Wilh.
Wilhelmsen Holding ASA became the owner of all outstanding shares in Treasure
ASA.

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. Please find the enclosed
notification forms for further information.

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 on 5 December 2025
at 07:30 CET.

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

More information:
Access the news on Oslo Bors NewsWeb site

661329_2025-12-05 PDMR notification (TW).pdf
661329_2025-12-05 PDMR notification (CB).pdf