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

Reference is made to the stock exchange notice by Gram Car Carriers ASA ("GCC") on 24 October 2022 with key information on the distribution of a cash dividend as proposed resolved by the extraordinary general meeting to be held on 8 November 2022.

Based on the company's results for Q3 2022, the board of directors of GCC proposes a distribution of dividend in the amount of USD 0.11 per share, equal to NOK 1.1897 per share, and in total approximately USD 3.26 million, equal to approximately NOK 34.17million. Please see below final key information on the proposed dividend distribution, including such dividend amount. All dates remain unchanged.

Dividend amount: NOK 1.1897 per share, equivalent to approx. USD 0.11 per share*

Announced currency: NOK*

Last day including right: 8 November 2022

Ex-date: 9 November 2022

Record date: 10 November 2022

Payment date: On or about 21 November 2022

Date of approval: 8 November 2022

*The NOK equivalent has been based on the USD/NOK FX rate of 10.4800 as of 4 November 2022.

The proposed dividend will constitute a repayment of the Company's paid-in capital and will be based on GCC's audited interim balance as per 30 June 2022, available on https://gramcar.com/.

For further information, please contact:

CEO Georg A. Whist

Telephone: +47 41 60 16 81

E-mail: georg.whist@gramcar.com

CFO Gunnar S. Kol√łen

Telephone: +65 9176 6661

E-mail: gunnar.koloen@gramcar.com

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