Gram Car Carriers: Issuance of consideration shares and mandatory notification of trade in connection with acquisition of Paglia

Reference is made to the stock exchange notice by Gram Car Carriers ASA (the "Company") earlier today, 29 November 2022, regarding the successful completion of the acquisition of the pure car truck carrier "Paglia" (5,000 CEU) from MS "Paglia" GmbH & Co. KG, a company 100% owned by F. Laeisz GmbH ("F. Laeisz").

In connection with completion of the transaction, the Company has issued 563,218 new shares to F. Laeisz, a close associate of Nikolaus H. Schües (vice chair of the board), at a subscription price of USD 17.4 (equal to approximately NOK 172.4) per share, which have been subscribed by F. Laeisz. The shares have been issued by the Company's board of directors pursuant to the authorization granted by the annual general meeting on 12 May 2022 and entails an increase of the Company's share capital by NOK 1,641,621 (rounded) to NOK 85,357,580 (rounded).

Following completion of the transaction, F. Laeisz holds 7,884,229 shares in the Company, equal to approximately 26.92% of the Company's share capital. Please see the enclosed form for further details about the transaction.

This information is subject to the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 number 3, the Euronext Rule Book II and section 5-12 of the Norwegian Securities Trading Act.