On 13 February 2024, the Board of Directors of Wallenius Wilhelmsen ASA resolved
to propose a new dividend policy to the company's Annual General Meeting on 30
April 2024

"The Board of Directors propose a new revised dividend policy starting in 2024,
under which the Board is provided the authority to declare and pay semi-annual
pay-as-you-go dividends. The first potential payment under the proposed policy
will be for H1 2024 and be payable together with the proposed second tranche of
the 2023 dividend in October 2024.

The new dividend policy will also give the Board the authority to consider
extraordinary dividends and/or share buybacks to enhance shareholder returns,"
said Torbjørn Wist, CFO.

Wist says "We are committed to remunerating our shareholders competitively, and
the payout ratio range in the policy remains unchanged. However, under the new
policy there will be less of a lag between reported earnings and shareholder
remuneration".

The wording of the proposed dividend policy from 2024 and onwards is as follows:

"Wallenius Wilhelmsen's objective is to provide shareholders with a competitive
return over time through a combination of rising value for the Wallenius
Wilhelmsen share and payment of regular dividend payments to the shareholders.

The Board targets a dividend which over time shall constitute 30-50% of the
company's profit after tax on an annual basis. The dividend will be declared and
paid on a semi-annual basis. 

The size of the dividend will be derived and paid based on the reported net
profit for the first and second half of each fiscal year, respectively.
Dividends will be declared in USD and paid in NOK. 

When determining the size of the dividend, the Board will consider its financial
targets, near-term market outlook, the group's financial position, future
capital requirements, as well as other relevant factors such as extraordinary
effects. 

Furthermore, the Board may from time to time, taking into consideration the
financial position of the company, consider extraordinary dividends and/or share
buybacks to enhance shareholder returns. 

Any declaration and payment of dividends will be at the full discretion of the
Board".

For further information, please contact:  

Anders Redigh Karlsen, Vice President Investor Relations & Market Insight
Tel: +47 994 20 293
Email: anders.karlsen@walwil.com


Pictures, please see the website:  
https://www.walleniuswilhelmsen.com/who-we-are/media  

About Wallenius Wilhelmsen: 
The Wallenius Wilhelmsen group is a market leader in roll-on/roll-off (RoRo)
shipping and vehicle logistics, managing the distribution of cars, trucks,
rolling equipment and breakbulk to customers all over the world. The company
operates around 125 vessels servicing 15 trade routes to six continents, a
global inland distribution network, 66 processing centers and eight marine
terminals. Headquartered in Oslo, Norway, the Wallenius Wilhelmsen group has
9,500 employees in 28 countries worldwide. 

Read more at www.walleniuswilhelmsen.com

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© Oslo Bors ASA, source Oslo Stock Exchange