Klaveness Combination Carriers

Share Issue/Capital Change • May 23, 2023

Klaveness Combination Carriers – Disclosure of shareholding

Klaveness Combination Carriers – Disclosure of shareholding

Oslo, 23 May 2023: Reference is made to the stock exchange announcement published by Klaveness Combination Carriers ASA (“KCC” or the “Company”) on 23 May 2023 regarding a PDMR notification by Rederiaksjeselskapet Torvald Klaveness ("RATK") in relation to (i) the subscription by RATK of 4,224,000 shares in a private placement of 7,857,143 new shares in KCC (the "Private Placement"); and (ii) a share lending agreement pursuant to which RATK will lend 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.

Prior to delivery of shares issued in the Private Placement, RATK holds 28,154,231 shares in the Company, corresponding to 53.76% of the total number of issued shares in the Company based on the current registered share capital. In addition, RATK holds 159,377 warrants to subscribe for one share each in the Company. When combining the shares and warrants held by RATK, this represents a total of 28,313,608 shares and rights to shares in the Company, representing a total of 54.06% of the total number of issued shares in the Company based on the current registered share capital.

During the temporary period in which the share loan is outstanding, taking into account the shares lent by RATK and the new shares subscribed for by RATK in the Private Placement, the total number of shares held by RATK will be reduced to 24,521,088 shares, equal to 46.82% of the total number of issued shares in the Company based on the current registered share capital. When combining the shares and warrants held by RATK, this represents a total of 24,680,465 shares and rights to shares in the Company, representing a total of 47.13% of the total number of issued shares in the Company based on the current registered share capital, dropping below the 50% disclosure threshold.

Upon registration of the share capital increase related to the Private Placement, the borrowed shares will be redelivered to RATK.

Upon such re-delivery of borrowed shares, RATK will hold 32,378,231 shares in the Company, corresponding to 53.76% of the total number of issued shares in the Company based on an expected new registered share capital of NOK 60,229,143 divided into 60,229,143 shares. When combining the shares and warrants held by RATK, this will represent 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 expected new registered share capital. A separate disclosure announcement will be made at such time.

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.