Key information relating to the cash dividend to be paid by Gram Car Carriers ASA

Based on the GCC's results for Q4 2022, the board of directors proposes a distribution of dividend in the amount of USD 0.17 per share, in total approximately USD 4.96 million. The dividend, if resolved distributed by the general meeting, will be based on an interim balance sheet as per 31 December 2022, which together with the auditor's statement is available on the Company's website, https://gramcar.com/.

Dividend amount: The NOK equivalent of an amount in USD

Announced currency: NOK*

Last day including right: 2 March 2023

Ex-date: 3 March 2023

Record date: 6 March 2023

Payment date: On or about 9 March 2023

Date of approval: 2 March 2023

* The resolution is proposed with a dividend amount stated in NOK and will be paid in NOK. GCC will disclose the proposed NOK amount equivalent to the USD amount per share in a separate stock exchange notice prior to the general meeting.

The distribution shall constitute a repayment of the Company's paid-in capital.

For further information, please contact:

CFO: Gunnar S. Kol√łen

Telephone: +65 9176 6661

E-mail: gunnar.koloen@gramcar.com

Head of Projects: Harald Mathias Gram

Telephone: +47 954 10 093

E-mail:  mas.gram@gramcar.com

About Gram Car Carriers:

GCC is the world's third-largest tonnage provider within the Pure Car Truck Carriers (PCTCs) segment with 19 vessels, across the Distribution, Mid-size and Panamax segments. The Company serves as a trusted provider of high-quality vessels and logistics solutions ensuring safe, efficient and punctual shipment of vehicles for a network of clients comprising of major global and regional PCTC operators.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act and the Rule Book part II.