Arnhold LLC New York

The Combination is, in our view, deeply flawed and unfair to Ocean Wilsons' public shareholders.Arnhold believes that the merger consideration is inadequate and does not reflect the appropriate contribution of each company.Arnhold intends to vote against the Combination at the Scheme Meeting on 12 September 2025. Ocean Wilsons' other shareholder votes vital to preventing a value destructive merger. View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/arnhold-llc-issues-open-letter-to-shareholders-of-ocean-wilsons-holdings-limited-intends-to-vote-against-the-proposed-all-share-combination-of-ocean-wilsons-and-hansa-investment-company-limited-302538234.html