Gram Car Carriers signs TC contracts for Viking Adventure and Viking Coral

Oslo, 20 September 2022: Gram Car Carriers ASA (“GCC”) is pleased to announce that the company has extended the charter for the panamax vessel Viking Adventure (6,700 CEU) for five years and the current contract for the midsize vessel Viking Coral (4,200 CEU) for an additional two-years. The contract extensions add USD 135.1 million of future revenue to the contract backlog.

The five-year extension for Viking Adventure has an average dayrate of USD 60,000 per day, while the extension for Viking Coral is at USD 35,000 per day.

Georg A. Whist, the CEO of GCC, commented: "We appreciate the trust shown by our long-term customer as they extend vessel charters. This allows us to build backlog and long-term earnings visibility in support of our attractive dividend strategy.”

With these extensions, GCC has 25% and 49% revenue days open for 2023 and 2024, respectively, following the two new contracts.

For further information, please contact:

CEO Georg A. Whist
Telephone: +47 41 60 16 81

CFO Gunnar S. Koløen
Telephone: +65 9176 6661

About Gram Car Carriers:
GCC is the world's third-largest tonnage provider within the Pure Car Truck Carriers (PCTCs) segment with 18 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 considered to be inside information pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange release was published by Mas Gram, Head of Projects at Gram Car Carriers, on 20 September 2022 at 06.50 CEST.