Klaveness Combination Carriers

Report Publication Announcement • Jan 24, 2020

Updated Company Presentation

Updated Company Presentation

Oslo, 24 January 2020 - Further to the announcement on 23 January 2020 please find attached updated company presentation for Klaveness Combination Carriers ASA.

Preliminary average earnings per on-hire day for 2019 (alternative performance measure) as released in the announcement on 23 January 23 2020 are further described and reconciled on page 37-38 in attached updated company presentation.

For further queries, please contact:

Engebret Dahm, CEO

Telephone +47 22 52 62 62

Liv Dyrnes, CFO

Telephone +47 22 52 61 51

About Klaveness Combination Carriers ASA:

KCC is the world leader in combination carriers, owning and operating nine CABU and three CLEANBU combination carriers with another five CLEANBU combination carriers on order for scheduled delivery in the period 2020 - 2021. 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.