Gram Car Carriers ASA: New share capital registered

Reference is made to the stock exchange notice by Gram Car Carriers ASA ("GCC") on 14 January 2022 regarding the completion of a private placement with a total transaction size of approx. NOK 1.049 billion, equivalent to approx. USD 121 million.

The share capital increase pertaining to the issuance of 10,774,182 new shares in the private placement has now been registered with the Norwegian Register of Business Enterprises:

Share capital: NOK 32,503,702.22

Total number of shares: 11,151,577

Par value of each share: NOK 2.9147 (rounded)

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

For further information, please contact:

Gunnar Koløen, CFO,

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.