Klaveness Combination Carriers

Transaction in Own Shares • Jan 27, 2025

KCC: Transactions made under share buyback program

KCC: Transactions made under share buyback program

Oslo, 27 January 2025: Reference is made to the stock exchange announcement made by Klaveness Combination Carriers ASA ("KCC" or the "Company") on 13 December 2024 of the launch of KCC’s program to repurchase up to 1,200,000 of the Company’s shares in open market transactions for a total amount of up to USD 9,100,000 during the period from 13 December 2024, until no later than 31 March 2025, pursuant to an agreement with DNB Markets. For the period from and including 21 January 2025, through 27 January 2025, the Company purchased a total of 178,087 shares at an average price NOK 72.87 per share, all purchased as ordinary market purchases on Euronext Oslo Børs. Please find below the transaction overview:

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Date / Aggregated daily volume (#shares) / Weighted average share price per day (NOK) / Total daily transaction value (NOK)

21.01.2025 / 35,132 / 74.24 / 2,608,305

22.01.2025 / 35,245 / 72.72 / 2,562,861

23.01.2025 / 35,261 / 73.50 / 2,591,729

24.01.2025 / 35,921 / 72.80 / 2,615,146

27.01.2025 / 36,528 / 71.18 / 2,599,972

Total for the period (#shares / Weighted average share price (NOK) / Total transaction value (NOK))

178,087 / 72.87 / 12,978,013

Previously disclosed buybacks under the program (#shares / Weighted average share price (NOK) / Total transaction value (NOK))

673,613 / 74.74 / 50,346,594

Accumulated under the buyback program (#shares / Weighted average share price (NOK) / Total transaction value (NOK))

851,700 / 74.35 / 63,324,607

The total transaction value for the period 21 Jan – 27 Jan 2025 equals approximately USD 1.2 million and the transaction value for the total buybacks under the program equals approximately USD 5.6 million based on daily USDNOK from Norges Bank.

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The issuer’s holding of own shares:

Following the completion of the above transactions, KCC owns a total of 857,983 of own shares (including 6,283 shares owned prior to the launch of the buyback program), corresponding to 1.42% of KCC’s share capital.

Appendix:

An overview of all transactions made under the buyback program that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

For further queries, please contact:

Engebret Dahm, CEO, Telephone +47 957 46 851

Liv Dyrnes, CFO, Telephone +47 976 60 561

About Klaveness Combination Carriers ASA:

KCC is the world leader in combination carriers, owning and operating eight CABU and eight CLEANBU combination carriers with three CABU vessels under construction for delivery in 2026. 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.