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

Oslo, 3 November 2023: Reference is made to the stock exchange notice by Gram Car Carriers ("GCC") earlier today regarding GCC's results for Q3 2023. As set out in the notice, the board of directors has resolved to distribute a dividend in the amount of USD 0.645 per share, in total approximately USD 18.70 million, equal to approximately NOK 208.40 million, based on GCC's results for the quarter. The resolution has been made by use of the authorization granted by the annual general meeting on 12 May 2023. GCC's annual accounts for 2022 together with the auditor's statement are available on the company's website, https://gramcar.com/.

Dividend amount: NOK 7.19 per share, equivalent to approx. USD 0.645 per share

Announced currency: NOK*

Last day including right: 6 November 2023

Ex-date: 7 November 2023

Record date: 8 November 2023

Payment date: On or about 10 November 2023

Date of approval: 2 November 2023

*The NOK equivalent has been based on the USD/NOK FX rate of 11.1535 as of 2 November 2023.

The distribution shall constitute a repayment of the Company's paid-in capital.

For further information, please contact:

CFO: Gunnar S. Kol√łen

Telephone: +65 9176 6661

E-mail: gunnar.koloen@gramcar.com

Head of Projects and IR: Mas Gram

Telephone: +47 954 10 093

E-mail: mas.gram@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 owned 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. To learn more, please visit gramcar.com.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.