Gram Car Carriers ASA

Gram Car Carriers increases to 97.5% ownership in the mid-size car carrier Mediterranean Sea

Oslo, 4 September 2023: Gram Car Carriers ASA ("GCC") has agreed to acquire a

further 21.6% equity ownership for a total consideration of USD 6.10 million, in

Gram Car AS, the single purpose company owning the Pure Car Truck Carrier the

Mediterranean Sea (5,000 CEU, built 2010).

The transaction is expected to support increased dividend distributions and is

financed with available liquidity.

GCC is the commercial manager of Gram Car AS and held an initial 1% of the

shares outstanding prior to a series of acquisitions announced earlier this year

and today, bringing total ownership to 97.5%. The transactions provide an

implicit valuation of the Mediterranean Sea of USD 34.2 million.

For further information, please contact:

CEO Georg A. Whist

Telephone: +47 41 60 16 81

Head of Projects and IR Mas Gram

Telephone: +47 95 41 00 93

About Gram Car Carriers:

GCC is the world's third-largest tonnage provider within the Pure Car Truck

Carriers (PCTCs) segment with 20 vessels, across the Distribution, Mid-size and

Panamax segments. The Company serves as a trusted provider of high-quality

vessels and logistics solutions ensuring safe, efficient and punctual shipment

of vehicles for a network of clients comprising of major global and regional

PCTC operators.

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

Market Abuse Regulation and subject to the disclosure requirements pursuant to

Section 5-12 the Norwegian Securities Trading Act. This stock exchange notice

was published by Mas Gram, Head of Projects and IR at Gram Car Carriers ASA, on

4 September 2023 at 22.55 CEST.

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