Gram Car Carriers ASA: Reverse share split registered with the Register of Business Enterprises

Reference is made to the stock exchange notice by Gram Car Carriers ASA ("GCC" or the "Company") on 17 January 2022 regarding the extraordinary general meeting resolving a reverse share split in the ratio 26.4974:1 (rounded) so that the par value of each share is increased from NOK 0.11 to NOK 2.9147 (rounded), and the total number of shares is decreased from 10,000,000 to 377,395.

The reverse share split has now been registered with the Norwegian Register of Business Enterprises:

Share capital: NOK 1,100,000

Total number of shares: 377,395

Par value of each share: NOK 2.9147 (rounded)

The reverse share split is carried out as preparation for the share capital increases relating to (i) the private placement announced completed on 14 January 2022, (ii) the acquisition of two vessels from subsidiaries of F. Laeisz GmbH and (iii) the transfer of the Gram Car Carrier fleet of 16 vessels to GCC, all to be completed prior to the first day of trading on Euronext Growth, expected on or about 31 January 2022. For further details, see the minutes from the extraordinary general meeting attached to the Company's stock exchange notice on 17 January 2022.

This information is subject to the disclosure requirements pursuant to the Oslo Rule Book II.

For further queries, please contact:

CEO Georg A. Whist


CFO Gunnar S. Koløen


About Gram Car Carriers:

GCC is the world’s third-largest tonnage provider within the Pure Car Truck Carriers (PCTCs) segment with 18 vessels (including the two vessels to be acquired from F. Laeisz), 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.