MPC Container Ships ASA

Investor Presentation • Feb 28, 2023

Q4 2022 EARNINGS CALL

Constantin Baack, CEO Moritz Fuhrmann, CFO

AGENDA

• 1. Q4 2022 and FY 2022 in review
• 1. Market Update
• 1. Company Outlook

HIGHLIGHTS

1

2

3

POSITIVE Q4 2022 RESULTS ROUNDING OFF VERY STRONG YEAR

• » Net Profit of USD 104m in Q4 2022 and USD 435m for FY 2022
• » USD 0.15/share recurring dividend for Q4 2022
• » Total USD 537.5m distributed/declared since February 2022 (NOK 11.67/share¹ )
• » Industry-low financial leverage of 16.1%
• » Fleet optimization measures carried out in Dec. 2022 and Jan. 2023, accretive for long-term EPS and DPS

MARKET DEVELOPMENT

• » Freight- and charter rates declined over last 6 months, but has consolidated above historical averages
• » Improved medium-term outlook, particularly for intra-regional trades

WELL POSITIONED DESPITE MARKET UNCERTAINTIES

• » USD 1.5bn revenue backlog with 86% of days contracted for 2023
• » FY 2023 guidance: Revenues USD 610m-630m & EBITDA USD 420m-450m ²

1 Q4 2022 recurring dividend USD 0.15 per share est. to NOK 1.55 per share based on FX rate 10.34 2 FY 2023 guidance subject to certain assumptions and includes expected gain sale from vessel sales and settlement from commercial agreement

for early redelivery

POSITIVE PERFORMANCE IN Q4 22 ROUNDING OFF VERY STRONG FINANCIAL YEAR

Q4 22 Q4 21 FY 22 FY 21 Q4 22 Q4 21 FY 22 Gross Revenue USD m 162 143 617 385 DPS 3 USD 0.15 0.11 1.03 EBITDA 1 USD m 127 163 523 290 EPS USD 0.23 0.29 0.98 Net Profit 2 USD m 104 128 435 190 Op. Cash Flow USD m 125 99 436 OPERATIONAL KPIs
	BALANCE SHEET
Q4 22 Q4 21 Q4 22 Q4 21 FY 22
4 Total assets USD m 956 1,035 Average OPEX USD/day 6,937 5,548 6,363
Net Debt 1 USD m 28.1 51.5 Average TCE USD/day 31,279 23,103 28,625
Leverage ratio 2 16.1% 22.4% Utilization 97.8% 97.6% 97.9%

1 Adj. EBITDA of USD 114m in Q4 22 and USD 451m in FY 22

2 Adj. Net Profit of USD 91m in Q4 22 and USD 364m in FY 22

• 3 Excluding event-driven distribution of USD 0.07
• 4 OPEX per day in Q4 22 include one-off effects from Covid-related and insurance costs of USD 472/day

CHARTER ACTIVITY THROUGHOUT 2022 1,2,3

Including secured seven-year charters for newbuilding project vessels, see appendix for further details

MPC Container Ships | | 5 Including secured fifteen-year charters for newbuilding project vessels, see appendix for further details

Charter period (min/max) based on management assessment and subject to change due to market development; based on all vessels incl. Bluewater JV, excl. interim employment and declared options, excl. revenue from scrubber-related profit shares. Contracted revenues include 100% revenues share from Bluewater JV vessels

Q4 2022 Earnings Presentation

ACTIVE PORTFOLIO MANAGEMENT: EMPHASIS ON RETURNING CAPITAL TO INVESTORS WHILST OPTIMIZING THE PORTFOLIO

1

2

3

18,600 19,900 Total TEU as of Divestments Investments January 1, 2022 Total TEU YTD 146,200 147,500 1 2

DIVESTMENTS¹ & INVESTMENTS²2022 & YTD 2023

DIVESTMENTS

• » Sold eight vessels with an average age of 16 years and a capacity of TEU 18,600
• » Concluded two charter amendments
• » Divestments generating USD 241m in proceeds

INVESTMENTS

• » Ordered four newbuildings and acquired two secondhand vessels (2007 & 2010 built) with a total capacity of TEU 19,800
• » Investments are EPS accretive and support mid-term DPS
• » Construction CAPEX and acquisition prices of USD 256m fully paid back via contracted EBITDA on these projects of USD 288m

OTHER FLEET MEASURES

• » Prepared fleet to be EEXI compliant
• » Developed CII monitoring & forecasting software with software company zero44
• » Carried out bio-fuel trials with charter partners
• » Execution of various retrofit measures and joint investments with charterers
• » 1,300 TEU dual-fuel methanol powered newbuildings which will be the backbone of the first green corridor in Northern Europe
• » Signed the industry's first offtake agreement for synthetic marine diesel oil (MDO) with INERATEC

Q4 2022 Earnings Presentation

MPC Container Ships | | 6 1 6 vessels sold and handed over during 2022, AS Cleopatra handed over to new owners on January 09, 2023. The sale of the AS Carinthia is still subject to successful handover, planned for Q1 2023

2 Extended in direct continuation of the current CP

CASH FLOW BRIDGE FY 2022

180 125 582 -100 Cash & cash Operating cash flow Finance cash flow equivalent end of Q4 2021 Investing cash flow -537 Cash & cash equivalent end of Q4 2022 -55 1) ¹ 2) 3) USD million

CASH DEVELOPMENT FY 2022

COMMENTS

1) Operating cash flow includes:

• » Received dividend of USD +60m from Bluewater JV, thereof USD ~51m (50% share) related to vessel sales and commercial agreements
• » Vessel proceeds of USD 35m (AS Palatia)

2) CAPEX includes:

• » Class renewals, vessel upgrades and regulatory investments of USD 67m
• » Instalments of USD 33m paid for Newbuilding projects ²

3) Finance cash flow includes:

• » Recurring distribution of USD 244m and event-driven of USD 195m
• » Debt reduction and interest under HCOB facility of USD 91m

1 JV related proceeds included in operating cash flow

MPC Container Ships | | 2 USD 29m for 2x 5,500 TEU and USD 4m for 2x 1,300 TEU newbuildings

CONTINUED COMMITMENT TO OUR DISTRIBUTION STRATEGY

DIVIDEND DISTRIBUTIONS

Q4 2022 Earnings Presentation

DPS (NOK)

EVENT-DRIVEN

DPS (NOK) TOTAL

MPC Container Ships | | 8 1 Dividend yield calculated as total dividends paid and declared since February 2022 divided by opening share price on January 3, 2022, of NOK 24.75/share 2 Q4 2022 recurring dividend USD 0.15 per share to be paid in March 2023, est. to NOK 1.55 per share based on FX rate 10.34

AGENDA

• 1. Q4 2022 and FY 2022 in review
• 1. Market Update
• 1. Company Outlook

GLOBAL ECONOMIC DOWNTURN WITH FIRST SIGNS OF RELAXATION IN H2 20 23

CARGO VOLUMES AND FREIGHT RATES

GLOBAL ECONOMY

• » Russia / Ukraine war: Scarcity of energy, inflation, increasing interest rates, decrease in consumer demand and cut in investments
• » Recession: Recovery of Global Economy from Covid-19 came to a halt.
• » Possible relaxation: H2 2023, CPI in US already declining, less restrictive covid policy in China, Inflation decreasing, Energy prices decreased
• » Regionalization: Globalization-Trend more cautious, moderate mid-term growth of trade, but regionalization (China-plus-one initiative or RCEP)
• » Intra-regional trade: Regional trade (esp. Intra Asia) expected with relative strong demand growth

CHARTER MARKET DOWN BUT CONSOLIDATING AT ELEVATED LEVELS

CHARTER RATES AND SECOND HAND PRICES

START OF THE YEAR VESSEL AVAILABILITY

Oct 22- Feb 23 (YoY%)

MORE FAVORABLE ORDERBOOK CONDITIONS FOR SMALLER VESSELS

COMMENTS

• » Large share (41%) of the 0-4k TEU orderbook are Intra-Regional carriers
• » Relative low OB-to-fleet-ratio (15%) for smaller vessels
• » Orderbook for smaller vessels dominated by conventional fuel propulsion (91%)
• » Only 9% of the 0-4k TEU orderbook are dual-fuel orders

ROBUST MEDIUM-TERM OUTLOOK FOR REGIONAL TRADES¹

• » 49% of all container vessels sail on intra regional trades
• » 98% of vessels smaller 5.2k TEU
• » Favorable demand outlook (5.2% CAGR from 2022 2025)
• » Favorable supply dynamics: high age, low orderbook, manageable new-build deliveries (0.8% CAGR 2022-2025)
• » Significant CII Impact on Feeder Capacity Expected
• » Excess demand expected from 2024
• » China plus one and RCEP² development fosters Intra-Asia TEU volumes

AGENDA

• 1. Q4 2022 and FY 2022 in review
• 1. Market Update
• 1. Company Outlook

ROBUST BACKLOG PROVIDES FORWARD VISIBILITY

Fixed operating days and Revenue / EBITDA (consolidated vessels)1, 2,3

1 Underlying min/max periods for contracted charter based on management assessment. Contracted Revenue and EBITDA not including IFRS adjustments

2 Revenues / Periods / TCE's / costs in good faith, but indicative only and subject to changes. Fixed revenue and days as of February 20, 2023. For details, please see also appendix

3 Total number of operating days based on assumed utilization of 95% (of available days)

4 Projected EBITDA based on contracted revenue (consolidated fleet) reduced by operating costs of USD 8,118 per day and vessel (incl. voyage expenditures / OPEX / G&As / Shipman), incl. 50% projected net profit from Bluewater JV vessels (Bluewater net profit based on contracted revenue reduced by full costs of USD 10,138 per day and vessel)

5 Based on expected expiry of charter without Bluewater JV (expected charter expiry based on management assessment and subject to change due to market development). 2024 ff. incl. newbuildings

6 Revenue and TCE not including IFRS amortization of time charter carry

7 Based on consolidated MPCC fleet and subject to redelivery of vessels (agreed min. / max. periods of charter contract)

8 Contracted forward TCE based on FY revenue divided by fixed operating days consolidated MPCC fleet

MPC Container Ships | | Q4 2022 Earnings Presentation 15

UPCOMING POSITIONS IN 2023

NUMBER OF FIXED AND UPCOMING CHARTERS ¹

SIZE DISTRIBUTION OF OPEN VESSELS IN FY 23

RECENT MPCC FIXTURES

#	Fixture Date	Vessel	TEU	Charterer	Charter Rate (USD / day)	Period (months)
1	Nov 2022	AS California	2,800 gls	Transfar	18,000	3 – 4
2	Dec 2022	AS Emma 2	4,200 gls	MSC	20,000	12 -14
3	Feb 2023	AS Rafaela	1,400 gls	GFS	12,000	5 - 7
4	Feb 2023	AS Carlotta	2,800 grd	ONE	15,850	7 – 9
5	Feb 2023	3 AS Cypria	2,800 gls	ONE	17,000	7 – 10
6	Feb 2023	AS Flora	1,200 gls	SITC	11,500	2 - 5
	Average		2,533		15,725	6 - 8

1 Vessels, which will come open throughout 2023 and not positions as the overview includes no assessment on periods. Upcoming open vessels fixed for short periods could come open again during the year.

Q4 2022 Earnings Presentation

• MPC Container Ships | | 16 2 Previously fixed charter with SeaLead could not be commenced due to failed delivery of the vessel within the agreed Lay/Can.
  • 3 Forward extension in direct continuation of the current CP.

CHARTER BACKLOG WITH STRONG COUNTERPARTIES ¹

73% of revenue backlog with top 20 liners ²

2.2 years average remaining

contract duration ³

MPC Container Ships | | 1 Please refer to the appendix for further details 2 Ranking based on list of 100 largest container/liner operators by Alphaliner 3 Based on minimum period and including newbuildings

STRONG VALUE PROPOSITION: LOW RISK & SIGNIFICANT DISTRIBUTION POTENTIAL

2 Based on MPCC share price per February 27, 2023, with NOK 18.315 and USD/NOK 10.355

3 Scrap Value of MPCC fleet per December 31. 2022, calculated with USD 400/LWT, including 50% share of Bluewater JV vessels

MPC Container Ships | |

Q4 2022 Earnings Presentation 18 4 Including two newbuildings and excluding one vessel sold subject to successful handover 5 Fleet Value based on charter-free values from VesselsValue.com dated February 27, 2023. Including newbuildings and vessels acquired with subject to handover.

• » Significant Upside Potential from 66 ⁴ vessel fleet
• » Current Enterprise Value fully covered by the projected EBITDA backlog which alone creates an excess value of USD ~304m compared to the EV

STRONG VALUE PROPOSITION: LOW RISK & SIGNIFICANT DISTRIBUTION POTENTIAL

1 Illustrative earnings scenarios, no forecasts, assuming upcoming fixtures at above shown rates. Based on 95% utilization and actual Q4 2022 operating CBE of USD 8,118 per day and vessel. Cost base for JV vessels also factoring in depreciation and finance cost, in total USD 10,138 /day/vessel. Adjusted EBITDA only factors in the EBITDA from the above-mentioned assumptions, any gains from vessels sales or any other effects are excluded. Calculations include the four newbuildings from 2024 onwards. 2 Current Market rates based on Clarksons current rates with USD 15,658/day and periods between 3-12 months. Historical 5-year average: TCE of USD 24,027/day. Historical rates based on historical monthly average 6-12 months TC rates from Clarksons

Research. Rates are allocated proportionate based on vessels in the fleet coming open in 2023–2025.

3 Adjusted Net profit to be considered as illustrative earning scenarios and not forecast. Estimated using annualized USD 85 million in depreciation and net finance costs for 2023 and USD 90 million for period 2024 - 2025. Adjusted EBITDA and Net Profit exclude any gains from vessel sales or any other effects

MPC Container Ships | | Q4 2022 Earnings Presentation 19

SIGNIFICANT DEBT REDUCTION OVER THE NEXT YEARS

DEBT REPAYMENT STRUCTURE 1

COMMENTS

• » Debt end of Q4 2022 at USD 155m
• » Good visibility on future cash flows due to high charter backlog
• » Significant de-levering until end of 2023
• » Entire debt covered by scrap value
• » Additional debt capacity on unencumbered fleet and flexibility from revolving credit facilities provide optionality
• » Secured pre-delivery and post-delivery financing of up to USD 102.4m for the 2x 5,500 TEU ECOBOX vessels (subject to documentation)

¹ Based on contractually agreed repayment schedule 2 Including 50% scrap value from Bluewater JV

WELL-POSITIONED FOR CONTINUED VALUE CREATION

SUMMARY

• » Continued strong financial and operational performance
• » Low leverage with more than 50% of fleet unencumbered
• » Strategy for continuous fleet optimization
• » Charter rates consolidated above historical averages over recent months
• » Improved medium-term outlook, particularly for intra-regional trades

OUTLOOK

• » Robust revenue backlog of USD 1.5bn provides high earnings visibility
• » Well-positioned to capture attractive market opportunities
• » Emphasis on returning capital to shareholders

QUESTIONS & ANSWERS

APPENDIX

SIGNIFICANT DEBT REDUCTION DURING THE NEXT YEARS

	MPCC Group	Unencumbered Vessels
No of vessels (cons.) 1	58	33
Book value Dec 2022	747m	331m
3 Scrap at USD 400 / lwt	236m	118m

OVERVIEW OF DEBT OUTSTANDING

Facility	Type	Outstanding 31/12/22	Total capacity	Interest rate	#	Repayment profile	Maturity
CIT	RCF	USD 55m	USD 70m	325bps + 1M LIBOR	8	Commitment will be reduced in semi-annually steps from Jan 2022 to Jul 2024	Jul. 2024
HCOB/CA-CIB	Term loan	USD 50m	USD 130m	335bps + 3M LIBOR / SOFR	17	2 installments with USD 22.5m 1 installment with USD 20m 4 installments with USD 15m 1 installment with USD 5m	Nov. 2023
	RCF	USD 50m	USD 50m	335bps + 1M US LIBOR		Commitment will be reduced starting in Nov 2023 – Nov 2026	Nov. 2026
Ostfriesische Volksbank (OVB)	Term Loan	-	USD 8.3m	450bps (year 1) & 350bps (after) + SOFR	1	May 31, 2023 & Aug 31, 2023: quarterly installments of USD 1.4m Nov 30, 2023: quarterly installments of USD 0.69m Feb 29, 2024ff.: quarterly installments of USD 0.37m	Feb. 2027

MPC Container Ships | | 24 1 Showing fully consolidated fleet, without Bluewater vessels 2 Based on VesselsValues.com as of February 21, 2023, for consolidated fleet 3 Including 50% scrap value from Bluewater JV

CASH FLOW BRIDGE Q4 2022

Cash development Q4 2022 - in USD m

Comments

• 1) Operating cash flow including received dividend from Bluewater JV with USD +16m (related to commercial agreements and vessel sales)
• 2) CAPEX include class renewals, vessel upgrades and regulatory investments with USD 20m and investments of USD 14m for the 5.500 TEU vessels under construction
• 3) Finance cash flow mainly recurring distribution of USD 71m and event-driven with USD 13m, debt reduction and interest under HCOB facility with USD 23m

CALCULATION OF RECURRING DISTRIBUTION FOR Q4 2022

USD million	Q4 2022
Net operating revenue	157.2
EBITDA	126.9
Profit for the period	103.6
Adjustments	-12.7
Adjusted profit for the period	91.0
No of shares	443.7
Adjusted earnings per share (in USD)	0.21
75% declared as recurring distribution (USD / share)	0.15
Recurring distribution in USD m	66.6

COMMENTS

• » Recurring distribution in Q1 2023 to be based on (unaudited) results for Q4 2022
• » Profit for the period adjusted for USD 12.7m recognized in the profit from joint venture from the exercised option for redelivery and subsequent sale of the vessel Carpathia in December, 2022.
• » Adj. profit for the period amounted to USD 91m or USD 0.21 per share, resulting in a recurring distribution of USD 0.15m or USD 66.6m

Q4 2022 FINANCIALS

BALANCE SHEET AS OF DECEMBER 31, 2022 PROFIT OR LOSS Q4 2022

USD m	December 31, 2022	September 30, 2022
Assets	956.3	950.9
Non-current assets	799.8	784.0
Current assets	156,5	166.9
thereof cash & cash equivalents	125.5	124.7
Equity and liabilities	956.3	950.9
Equity	721.4	702.4
Non-current liabilities	76.9	90.3
Current liabilities	158.0	158.2
Equity ratio	75.4%	74.0%
Leverage ratio1	16.1%	18.0%

USD m		Q4 2022	Q3 2022
Operating revenues		162.1	160.1
Gross profit		132.4	118.7
EBITDA		127.0	145.8
Profit / Loss for the period		103.6	124.5
Avg. number of vessels2		63	63
Ownership days		5,336	5,466
Trading days		5,079	5,098
Utilization3		97.8%	96.9%
TCE	USD per trading day	31,279	30,476
EBITDA (unadjusted)	USD per ownership day	23,800	26,672
OPEX	USD per ownership day	6,937	6,321
EPS (diluted)	USD	0.234	0.280

CASH FLOW STATEMENT Q4 2022

USD m	Q4 2022	Q3 2022
Cash at beginning of period	124.7	86.5
Operating cash flow	125.4	124.2
Financing cash flow	-107.6	-100.9
Investing cash flow	-17.1	14.9
Cash at end of period	125.2	124.7

1 Long-term and short-term interest-bearing debt divided by total assets

2 Average number of vessels based on ownership days within the quarter

3 Percentage utilization represents total trading days including off-hire days related to dry-docks divided by the total number of ownership days during the period.

FLEET EMPLOYMENT OVERVIEW

No	Vessel	Cluster	Charterer	MPCC Current Fixture (USD/day)	Feb-23	Mar-23	Apr-23	May-23	Jun-23 Jul-23	Aug-23 Sep-23	Oct-23	Nov-23	Dec-23 Jan-24	Feb-24	Mar-24	Min / Max
1	AS CARINTHIA1	2,800 gls	Sold	24,750												Mar-23 / Mar-23
2	STADT DRESDEN	2,800 gls	Diamond Line (COSCO)	24,750												Mar-23 / Mar-23
3	AS CALIFORNIA	2,800 gls	Transfar Logistics	18,000				DD 2								Mar-23 / Apr-23
4	AS FLORA	1,200 gls	SITC	11,500												Apr-23 / Jul-23
5	AS FRANZISKA	1,300 grd	Sealand Europe A/S (Maersk)	18,000												May-23 / Jul-23
6	AS CAMELLIA	2,800 gls	Maersk Line	24,550												Apr-23 / Aug-23
7	AS ROSALIA	1,500 gls	Diamond Line (COSCO)	17,000												Jun-23 / Aug-23
8	AS PENELOPE	2,500 gls	New Golden Sea Shipping (COSCO)	26,500												May-23 / Aug-23
9	AS ROMINA	1,500 gls	APL / CMA CGM	22,000									DD 2			Jun-23 / Aug-23
10	AS FATIMA	1,300 gls	Diamond Line (COSCO)	18,900							DD 2					Jul-23 / Sep-23
11	AS RAFAELA	1,400 gls	Global Feeder Shipping	12,000												Jul-23 / Sep-23
12	TRF KAYA 4	2,800 grd	Vessel to be taken over beginning of March			BTL –	26,000 3									Jul-23 / Oct-23
13	AS ROBERTA	1,400 gls	BTL	24,000												Sep-23 / Nov-23
14	AS CARLOTTA	2,800 grd	ONE	15,850												Sep-23 / Nov-23
15	AS CYPRIA	2,800 gls	ONE	18,400			Extension -	17,000								Oct-23 / Jan-24
16	AS EMMA	4,200 gls	MSC	20,000												Dec-23 / Feb-24
17	RIO CENTAURUS 4	3,500 gls	Vessel to be taken over end of March				Maersk –	14,150 5								Feb-24 / Mar-24
18	AS PETRA	2,500 HR grd	Seaboard	28,800 3											DD 2	Feb-24 / Mar-24
19	AS PAULINE	2,500 gls	Seaboard	25,500												Feb-24 / Mar-24
20	AS SAVANNA	1,700 grd	Seaboard	22,400 3												Apr-24 / May-24
21	AS ALEXANDRIA	2,000 gls	Global Feeder Shipping	42,000												Mar-24 / May-24
22	AS PAULINA	2,500 HR grd	MSC	26,750												Mar-24 / May-24
23	AS SABRINA	1,700 grd	Seaboard	22,400 3												Jun-24 / Jul-24
24	AS ANITA	2,000 gls	Diamond Line (COSCO)	29,350												Jul-24 / Jul-24
25	AS ALVA	2,000 grd	UNIFEEDER FZCO	29,000												May-24 / Jul-24

Min. period Max. period On subs

1 Vessel of Bluewater joint venture and subject to successful hand-over (expected beginning of March)

2 Scheduled commencement of dry-docking. Actual timing depends, inter alia, on yard capacity and charter commitments

3 Contracted base rate; besides base rate the charter also includes a Scrubber savings sharing mechanism in favour of MPCC

4 TRF KAYA to be renamed AS CLAUDIA; RIO CENTAURUS to be renamed AS NINA. Both vessels are subject to successful handover from Sellers.

5 Contracted base rate, index-linked with a floor of USD 10,000 and a ceiling of USD 14,150, besides base rate scheme the charter also includes a Scrubber savings sharing mechanism in favor of MPCC

FLEET EMPLOYMENT OVERVIEW

No	Vessel	Cluster	Charterer	MPCC Current Fixture (USD/day)	Feb-23	Mar-23	Apr-23	May-23	Jun-23	Jul-23	Aug-23 Sep-23	Oct-23 Nov-23	Dec-23	Jan-24	Feb-24	Mar-24	Min / Max
26	AS FILIPPA	1,300 grd	CMA CGM	18,250		DD 2											Jun-24 / Jul-24
27	AS CLARITA	2,800 gls	Oman Shipping Lines	26,975											DD 2		Jun-24 / Aug-24
28	AS RAGNA	1,500 gls	ZISS	30,000													Jun-24 / Aug-24
29	AS SICILIA	1,700 grd	UNIFEEDER FZCO	30,000													Jul-24 / Sep-24
30	AS SAMANTA	1,700 grd	Seaboard	22,4001													Aug-24 / Sep-24
31	AS SERENA	1,700 grd	Shanghai Jin Jiang	15,000													Jul-24 / Sep-24
32	AS CHRISTIANA	2,800 grd	CMA CGM	32,400													Jul-24 / Sep-24
33	AS FIORELLA	1,300 grd	COSCO	25,950													Oct-24 / Oct-24
34	AS PAOLA	2,500 grd	CMA CGM	28,900													Aug-24 / Oct-24
35	AS CONSTANTINA	2,800 gls	Diamond Line (COSCO)	39,900													Sep-24 / Oct-24
36	AS FABRIZIA	1,300 grd	King Ocean	26,000	DD 2												Sep-24 / Oct-24
37	AS CARELIA	2,800 gls	Hapag-Lloyd	33,000													Aug-24 / Nov-24
38	AS SVENJA	1,700 grd	CMA CGM	29,995													Oct-24 / Dec-24
39	AS COLUMBIA	2,800 gls	Sea Consortium (X-Press Feeders)	15,500													Oct-24 / Dec-24
40	AS CLEMENTINA	2,800 gls	UNIFEEDER FZCO	35,500													Oct-24 / Dec-24
41	AS PAMELA	2,500 grd	New Golden Sea Shipping (COSCO)	37,500													Nov-24 / Jan-25
42	AS SELINA	1,700 grd	Maersk Line	29,500													Nov-24 / Jan-25
43	AS FENJA	1,200 gls	New Golden Sea Shipping (COSCO)	27,000													Nov-24 / Jan-25
44	AS FLORETTA	1,300 grd	Crowley	26,500													Nov-24 / Feb-25
45	AS SARA	1,700 grd	Maersk Line	35,000													Feb-25 / Apr-25
46	AS FLORIANA	1,300 gls	CFS	27,750													Feb-25 / Apr-25
47	AS FREYA	1,300 grd	Maersk Line	28,000											DD 2		Feb-25 / Apr-25
48	AS SUSANNA	1,700 grd	ONE	39,990													Mar-25 / May-25
49	AS NORA	3,500 grd	CMA CGM	40,000													Apr-25 / Jun-25
50	AS FABIANA	1,300 grd	Maersk Line	29,500													May-25 / Jul-25

Min. period Max. period On subs

1 Contracted base rate; besides base rate the charter also includes a savings sharing mechanism in favour of MPCC

2 Scheduled commencement of dry-docking. Actual timing depends, inter alia, on yard capacity and charter commitments

FLEET EMPLOYMENT OVERVIEW

No		Vessel Cluster Charterer		MPCC Current
51	SEVILLIA	1,700 grd	Samudera	65,0003
61	AS PATRIA	2,500 grd	KMTC	70,0004

				Fixture (USD/day)	Feb-23	Mar-23	Apr-23	May-23	Jun-23	Jul-23	Aug-23	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24	Mar-24	Min / Max
51	SEVILLIA	1,700 grd	Samudera	65,0003				40,000											May-25 / Jul-25
52	AS NADIA	3,500 gls	The Pasha Group	61,000															Jul-25 / Aug-25
53	AS ANGELINA	2,000 grd	Maersk Line	36,500															Aug-25 / Oct-25
54	CARDONIA1	2,800 gls	ZISS	35,050			DD 2												Jul-25 / Oct-25
55	AS PIA	2,500 grd	Maersk Line	45,750													DD 2		Aug-25 / Oct-25
56	AS SOPHIA	1,700 grd	Sealand Maersk Asia Pte. Ltd. (MCC)	38,000															Sep-25 / Nov-25
57	AS PALINA	2,500 HR grd	Maersk Line	45,750												DD 2			Oct-25 / Dec-25
58	CIMBRIA1	2,800 gls	ZISS	35,175															Oct-25 / Jan-26
59	AS PETRONIA	2,500 HR grd	Maersk Line	45,750															Nov-25 / Jan-26
60	AS FELICIA	1,300 grd	ZISS	24,000															Mar-26 / May-26
61	AS PATRIA	2,500 grd	KMTC	70,0004						55,000									Mar-26 / Jul-26
62	AS CAROLINA	2,800 gls	ZISS	41,000											DD 2				Nov-26 / Jan-27
63	AS CASPRIA	2,800 gls	ZISS	40,700		DD 2													Mar-27 / May-27
64	ZIM MACKENZIE	5,500 grd	ZIM		ZIM –			avg. Rate of USD 39,000 (first two years USD 70,000, the third year USD 45,000 and for the remaining four years											Jan-31 / Mar-31
65	ZIM COLORADO	5,500 grd	ZIM									USD 21,565)							Feb-31 / Apr-31
66	NCL VESTLAND	1,300 grd	NCL																May-39 / Sep-39
67	NCL NORDLAND	1,300 grd	NCL		NCL - base charter rate of 16,300 EUR per day increasing by 1.1% each year on January 1											Aug-39 / Dec-39

Min. period Max. period On subs

1 Vessel of Bluewater joint venture

2 Scheduled commencement of dry-docking. Actual timing depends, inter alia, on yard capacity and charter commitments

3 First year at USD 65,000, thereafter one year at USD 40,000 and then USD 15,000 for the remaining period

4 First year at USD 70,000, next year at USD 55,000, thereafter one year at USD 25,000 and then USD 15,500 for the remaining period

5 Fixed, subject to delivery ex shipyard

DISCLAIMER

This presentation (the "Presentation") has been prepared by MPC Container ships ASA (the "Company") for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein.

Please note that no representation or warranty (express or implied) is made as to, and no reliance should be placed on, any forward-looking statements, including projections, estimates, targets and opinions, contained herein. To the extent permitted by law, the Company, its parent or subsidiary undertakings and any such person's officers, directors, or employees disclaim all liability whatsoever arising directly or indirectly from the use of this Presentation. This Presentation contains certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates. Forward-looking statements concern future circumstances, not historical facts and are sometimes identified by the words "believes", expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forwardlooking statements contained in this Presentation (including assumptions, opinions and views of the Company or opinions cited from third party sources) are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. None of the Company, any of its parent or subsidiary undertakings or any such person's officers, directors, or employees provides any assurance that the assumptions underlying such forward-looking statements are free from errors, nor does any of them accept any responsibility for the future accuracy of the opinions expressed in this Presentation or the actual occurrence of the forecasted developments described herein.

The Presentation contains information obtained from third parties. Such information has been accurately reproduced and, as far as the Company is aware and able to ascertain from the information published by that third party, no facts have been omitted that would render the reproduced information to be inaccurate or misleading in any material respect.

An investment in the company involves risk. several factors could cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements that may be predicted or implied by statements and information in this presentation, including, but not limited to, risks or uncertainties associated with the company's business, development, growth management, financing, market acceptance and relations with customers and, more generally, economic and business conditions, changes in domestic and foreign laws and regulations, taxes, changes in competition and pricing environments, fluctuations in currency exchange and interest rates and other factors. should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, the actual results of the company may vary materially from those forecasted in this presentation.

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In relation to the United States and U.S. Persons, this Presentation is strictly confidential and may only be distributed to "qualified institutional buyers", as defined in Rule 144A under the U.S. Securities Act of 1933, as amended (the "US Securities Act"), or "QIBs". The recipient of this presentation is prohibited from copying, reproducing or redistributing the Presentation. The shares of the Company have not and will not be registered under the U.S. Securities Act or any state securities law and may not be offered or sold within the United States unless an exemption from the registration requirements of the U.S. Securities Act is available. Accordingly, any offer or sale of shares in the Company will only be made (i) to persons located in the United States, its territories or possessions that are QIBs in transactions meeting the requirements of Rule 144A under the U.S. Securities Act and (ii) outside the United States in "offshore transactions" in accordance with Regulations S of the U.S. Securities Act. Neither the U.S. Securities and Exchange Commission, nor any other U.S. authority, has approved this Presentation.

This Presentation is being communicated in the United Kingdom to persons who have professional experience, knowledge and expertise in matters relating to investments and who are "investment professionals" for the purposes of article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and only in circumstances where, in accordance with section 86(1) of the Financial and Services Markets Act 2000 ("FSMA"), the requirement to provide an approved prospectus in accordance with the requirement under section 85 FSMA does not apply.

The contents of this Presentation shall not be construed as legal, business, or tax advice. Recipients must conduct their own independent analysis and appraisal of the Company and the Shares of the company, and of the data contained or referred to herein and in other disclosed information, and risks related to an investment, and they must rely solely on their own judgement and that of their qualified advisors in evaluating the Company and the Company's business strategy.

This Presentation reflects the conditions and views as of the date set out on the front page of the Presentation. The information contained herein is subject to change, completion, or amendment without notice. In furnishing this Presentation, the Company undertake no obligation to provide the recipients with access to any additional information.

This Presentation shall be governed by Norwegian law. Any dispute arising in respect of this Presentation is subject to the exclusive jurisdiction of the Norwegian courts with the Oslo City Court as legal venue.