Klaveness Combination Carriers

Major Shareholding Notification • May 24, 2023

Klaveness Combination Carriers ASA - Disclosure of large shareholding

Klaveness Combination Carriers ASA - Disclosure of large shareholding

Reference is made to the stock exchange announcement made by Klaveness Combination Carriers ASA ("KCC") on 23 May 2023 regarding the successful completion of a private placement of 7,857,143 new shares (the "Private Placement"), bringing the total number of outstanding shares in KCC to 60,229,143 shares.

EGD Shipping Invest AS did not participate in the Private Placement and continue to hold 5,805,128 shares in KCC, equal to approx. 11.08% of the total votes and shares outstanding prior to registration of the new shares issued in the Private Placement. In addition, the parent company of EGD Shipping Invest AS, EGD Shipholding AS, holds 55,691 warrants, each with a right to subscribe for one share in KCC, corresponding to 0.11% of the current total number of votes and shares, not taking into account the dilutive effect of the warrants. The consolidated ownership of shares and warrants of EGD Shipholding AS and EGD Shipping Invest AS in KCC prior to registration of the new shares issued in the Private Placement consequently corresponds to approx. 11.19%.

Following registration of the new shares issued in connection with the Private Placement, EGD Shipping Invest AS' holding of shares in KCC will equal approx. 9.64% of the total votes and shares in KCC, and EGD Shipholding AS' holding of warrants will correspond to 0.09% of the total number of votes and shares in KCC, not taking into account the dilutive effect of the warrants. The consolidated ownership of shares and warrants of EGD Shipholding AS and EGD Shipping Invest AS in KCC following registration of the new shares issued in connection with the Private Placement consequently corresponds to approx. 9.73%.

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