Wilhelmsen now majority shareholder in NorSea Group.

Stavanger 20th September, 2017: With effect from 26th September 2017, Wilhelmsen increases its shareholding in NorSea Group from 40 % to approximately 72 %. Eidesvik Eiendomsinvest AS and Simon Møkster Eiendom AS will hold approximately 12 % each, while management in NorSea Group controls the remaining 4 %. Following the transaction, Wilhelmsen will buy a small portion of management controlled shares.

“We have had an exposure towards the oil and gas industry since we bought a share of NorSea Group in 2012. With an ambition of being a long-term and active player in primarily this industry, but also the offshore wind industry, we look forward to develop NorSea Group further,” says Thomas Wilhelmsen, group CEO at Wilhelmsen.

Wilhelmsen originally acquired 35.4% of the shares in NorSea Group in July 2012, and increased to 40% ownership in April 2014.

“It is with great pleasure we are announcing that Wilhelmsen now has increased its shareholding in NorSea Group. With our core competence and Wilhelmsen’s global network and 156 years of experience and expertise, we see interesting opportunities ahead to the benefit of customers, suppliers and those of us who make up NorSea Group,” says John Stangeland, CEO in NorSea Group.

The transaction will take place 26th September.

About NorSea Group

NorSea Group is a privately owned company founded in 1965. The company provides supply bases and integrated logistics solutions to the offshore industry. NorSea Group also provides offshore wind services through their subsidiary NSG Wind. The group and its associates and joint ventures operate nine supply bases along the coast of Norway, as well as supply bases in Denmark and the UK. In 2016, the group had an annual turnover of around NOK 2.1 billion and about 1,200 employees. For more information, please visit www.norseagroup.com

About Wilhelmsen

Wilhelmsen is a global maritime industry group founded in 1861. They have the biggest maritime network in the world, with a presence in over 2 200 locations globally. They serve over half of the worldwide merchant fleet with products and services, and supply crew and technical management for some of the most complex vessels in the world. They also develop new and daring solutions, shaping the maritime industry for the future. Their investments seek to explore and develop new opportunities within the energy-, offshore- and maritime industry. With thousands of colleagues in more than 70 countries, they take competence, sustainability, innovation and unparalleled customer experiences one step further. For more information, please visit www.wilhelmsen.com

For more information, please contact:

CEO NorSea Group John Stangeland, tlf.: (+47) 915 59 446

Communication Advisor NorSea Group, Susanne Waerholm, tlf.: (+47) 469 14 995

Visiting address: Risavika Havnering 14, 4056 Tananger Phone: +47 40 00 43 21

© NorSea Group AS 2018