Klaveness Combination Carriers

Related Party Transaction • Nov 4, 2021

Klaveness Combination Carriers ASA – Transactions by closely associated party of a primary insider

Klaveness Combination Carriers ASA – Transactions by closely associated party of a primary insider

Reference is made to the stock exchange announcement by Klaveness Combination Carriers ASA ("KCC” or the "Company") on 3 November 2021 regarding the successful placing of a private placement of new shares (the "Offer Shares") with gross proceeds of USD 25 million (the "Private Placement").

Klaveness Ship Holding AS, a closely associated party of Lasse Kristoffersen, Chair of the Board of the Company, has subscribed for and been allocated 2,308,281 Offer Shares.

Klaveness Ship Holding AS has entered into an agreement to lend 4,345,000 shares to DNB Markets, a part of DNB Bank ASA in order to facilitate settlement on a delivery versus payment basis in the Private Placement.

Please see the attached forms for further details.

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 nine CABU and eight CLEANBU vessels. 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.