PURCHASE OF VESSELS

Wilson has entered into an agreement with German
shipowners Hartmann regarding the purchase of 2
bulk vessels.

Wilson has entered into an agreement with
shipowners Hartmann to acquire:
- MV Garmo - 4.260 dwt, built in 1994
- MV Laura Helena - 4.260 dwt, built in 1993

Total purchase price has been agreed to EUR
9.625.000 and delivery of the vessels will be
January - February 2008. At delivery, the vessels
will be given Wilson-names.

Both vessels currently sail for Wilson under time
charter agreements and will continue as an
integrated part of the fleet after delivery.

After this transaction, Wilson will operate a
fleet of 109 vessels, whereof 77 are owned.

Om oss

The Company’s business concept is to offer Norwegian and European industry competitive, secure, reliable, flexible and long-term maritime transport services. With large transport volumes and long-term transport portfolios, Wilson can optimise sailing patterns and achieve efficient operations and thus secure long-term stable earnings. The Company’s strategy is to focus on growth and expansion in the European dry cargo segment by increasing the volume of long-term freight contracts, purchasing tonnage, acquiring companies or entering into alliances with other players. The Company’s financial strategy is to keep focus on and control risk, as well as hedge against major fluctuations in general market conditions for Wilson by aiming for: - A high contractual share of the total freigt volume- A reasonable balance between contract portfoilio and freight capacity- A balanced currency risk- Reduced exposure to fluctuations in bunker pricesAs a part of Wilson’s company culture, core values and ethical guidelines have been prepared and implemented. Wilson’s core values are to be: reliable, service minded, professional, long term, solid, competitive and innovative.

Abonner