Klaveness Combination Carriers

Regulatory Filings • Apr 28, 2022

Klaveness Combination Carriers ASA initiates intra-group merger with subsidiary

Klaveness Combination Carriers ASA initiates intra-group merger with subsidiary

Oslo, 28 April 2022: The boards of directors of Klaveness Combination Carriers ASA (the "Company") and its fully owned subsidiary KCC KBA AS ("KCC KBA") have prepared a merger plan pursuant to which the Company will acquire all rights and obligations of KCC KBA. The merger is structured as a simplified merger between a parent company and a wholly owned subsidiary, without payment of consideration. The purpose of the merger is to simplify the group structure.

The merger plan will be submitted for registration with the Norwegian Register of Business Enterprises today and is expected to be submitted to the board of directors for approval one month after such registration. Following board approval, a six week creditor notice period will apply before the merger can be completed.

The following documents have been made available on the Company's web site under Investor Relations, Reports, Presentations and Prospectus:

Merger plan for the merger of the Company and KCC KBA

Articles of Association for the Company and KCC KBA

The latest annual accounts, annual report and auditor statement for the last 3 years for the Company and KCC KBA and the latest half-yearly report for the Company.

Contact

Liv Hege Dyrnes, CFO

Telephone: +47 976 60 561

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.