Klaveness Combination Carriers

Major Shareholding Notification • May 30, 2023

Klaveness Combination Carriers – Disclosure of shareholding

Klaveness Combination Carriers – Disclosure of shareholding

Oslo, 30 May 2023: Reference is made to the disclosure of shareholding made by Rederiaksjeselskapet Torvald Klaveness ("RATK") on 23 May 2023 in relation to share lending and subscription of shares in relation to (i) the subscription by RATK of 4,224,000 shares in a private placement of 7,857,143 new shares (the "Private Placement") in Klaveness Combination Carriers ASA ("KCC" or the "Company"); and (ii) a share lending agreement pursuant to which RATK lent a total of 7,857,143 shares in KCC to DNB Markets, a part of DNB Bank ASA, in order to facilitate settlement of the Private Placement.

The borrowed shares in KCC have been re-delivered to RATK, and RATK consequently holds 32,378,231 shares in the Company, corresponding to 53.76% of the total number of issued shares in the Company based on the registered share capital of NOK 60,229,143 divided into 60,229,143 shares. When combining the shares and the 159,377 warrants held by RATK, this represents a total of 32,537,608 shares and rights to shares in the Company, representing a total of 54.02% of the total number of issued shares in the Company based on the registered share capital of NOK 60,229,143 divided into 60,229,143 shares.

This information is subject to the disclosure requirements pursuant to Section 5-12, cf. Section 4-2 of the Norwegian Securities Trading Act.

For additional information, please contact:

Engebret Dahm, Chief Executive Officer

Email: eda@klaveness.com

Phone: +47 957 46 851

Liv Dyrnes, Chief Financial Officer

Email: lhd@klaveness.com

Phone: +47 976 60 561

About Klaveness Combination Carriers ASA

KCC is the world leader in combination carriers, owning and operating eight CABU and eight CLEANBU combination carriers. KCC’s combination carriers are built for transportation of both wet and dry bulk cargoes, being operated in trades where the vessels efficiently combine dry and wet cargoes with minimum ballast. Through their high utilization and efficiency, the vessels emit up to 40% less CO2 per transported ton compared to standard tanker and dry bulk vessels in current and targeted combination trading patterns.