Updated key information relating to the cash dividend to be paid by Gram Car Carriers ASA – final dividend amount

Reference is made to the stock exchange notice by Gram Car Carriers ASA ("GCC") on 9 February 2023 with key information on the proposed distribution of a cash dividend. Please see below updated information on the NOK equivalent of the dividend amount of approx. USD 0.17 per share. The dates remain unchanged.

Dividend amount: NOK 1.75 per share, equivalent to approx. USD 0.17 per share*

Announced currency: NOK*

Last day including right: 2 March 2023

Ex-date: 3 March 2023

Record date: 6 March 2023

Payment date: On or about 9 March 2023

Date of approval: 2 March 2023

*The NOK equivalent has been based on the USD/NOK FX rate of 10.3340 as of 28 February 2023.

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 31 December 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 19 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.