MPC Container Ships ASA

Major Shareholding Notification • Oct 19, 2022

Contemplated block sale of existing shares in MPC Container Ships ASA (MPCC)

Contemplated block sale of existing shares in MPC Container Ships ASA (MPCC)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE

OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, HONG KONG,

SOUTH AFRICA OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR

DISTRIBUTION WOULD BE UNLAWFUL.

STAR Spike Limited which is ultimately controlled by STAR Capital Partnership

LLP (the "Seller") has retained Clarksons Securities, Fearnley Securities and

Pareto Securities (the "Managers") to explore a potential block sale of existing

shares in MPC Container Ships ASA (the "Company") through a private placement

(the "Offering").

The Seller is contemplating selling 33,300,000 - 44,314,143 shares in the

Company (equal to approx. 7.5% - 9.99% of the Company's outstanding shares). The

Seller reserves the right, at its sole discretion, to sell fewer shares or no

shares at all. The price in the Offering has been set to NOK 17.73 per share.

The application period in the Offering will commence immediately (19 October

2022) and will close on 20 October 2022 at 08:00 CEST. The Seller may, at its

sole discretion, extend or shorten the application period at any time and for

any reason without notice. If the application period is extended or shortened,

the other dates referred to herein might be changed. The Offering is expected to

be allocated before 09:00 CEST on 20 October 2022 (T). The settlement in the

Offering will be conducted on a normal delivery-versus-payment basis (DVP T+2).

The Seller currently holds 44,314,143 shares in the Company (equal to approx.

9.99% of the Company's outstanding shares). If the demand in the Offering is

satisfactory the Seller may thus sell its entire shareholding in the Company.

The Seller will enter into a 90-day customary lock-up with the Managers

following the completion of the Offering for any of the shares the Seller

currently holds in the Company which are not sold as part of the Offering.

The minimum order and allocation in the Offering have been set to the NOK

equivalent of EUR 100,000. The Managers may, however, offer and allocate an

amount below the NOK equivalent of EUR 100,000 in the Offering to the extent

exemptions from prospectus requirements, in accordance with Regulation (EU)

2017/1129, are available.

The Seller is represented on the Company's board of directors by Laura Carballo

Beautell.

For more information about the Offering please contact one of the Managers:

Clarksons Securities: +47 22 01 63 01

Fearnley Securities: +47 22 93 63 64

Pareto Securities: +47 22 87 87 50

This information is considered to include inside information pursuant to the EU

Market Abuse Regulation article 7 and is subject to the disclosure requirements

pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock

exchange announcement was published by Magnus Granerød at MPC Container Ships

ASA, on 19 October 2022 at 16:43 CEST.

IMPORTANT NOTICE:

The distribution of this announcement and the offer and sale of the shares in

certain jurisdictions may be restricted by law. The shares may not be offered to

the public in any jurisdiction in circumstances which would require the

preparation or registration of any prospectus or offering document relating to

the shares in such jurisdiction. No action has been taken by the Managers or any

of their affiliates that would permit an offering of the shares or possession or

distribution of this announcement or any other offering or publicity material

relating to such securities in any jurisdiction where action for that purpose is

required. Persons into whose possession this announcement comes are required to

inform themselves about and to observe any such restrictions. Any failure to

comply with these restrictions may constitute a violation of the securities laws

of any such jurisdiction.

This press release is for information purposes only and does not constitute or

form a part of an offer to sell or a solicitation of an offer to purchase any

security of the Company in the United States or in any other jurisdiction where

such offer or solicitation is unlawful. The securities of the Company described

in this press release have not been and will not be registered under the U.S.

Securities Act of 1933 as amended, or any applicable state or foreign securities

laws and may not be offered or sold in the United States absent registration or

an exemption from the registration requirements of the U.S. Securities Act of

1933 as amended. There will be no public offering of securities in the United

States.