Gram Car Carriers ASA

Disclosure of large shareholding in Gram Car Carriers ASA by SAS Shipping Agencies Services Sàrl

Reference is made to the recommended voluntary cash offer by SAS Shipping

Agencies Services Sàrl (the "Offeror") to acquire all issued and outstanding

shares of Gram Car Carriers ASA (the "Company") at a cash consideration of NOK

263.69 per share, as further set out in the offer document dated 23 May 2024

(the "Offer Document"), and the settlement announcement made earlier today, on

11 July 2024 (the "Settlement Announcement").

As described in the Settlement Announcement, the closing conditions for the

Offer relating to "Regulatory Approvals" and "Minimum Acceptance" have been

satisfied. Settlement and completion of the Offer will take place no later than

on 25 July 2024, subject to the remaining closing conditions as set out in in

Section 4.3 (Conditions for completion of the Offer) of the Offer Document

remaining fulfilled or having been waived by the Offeror.

Prior to completion of the Offer, the Offeror does not own any shares in the

Company. Following completion of the Offer, the Offeror will own 28,352,400

shares in the Company, representing approximately 96.82% of the share capital

and voting rights of the Company (including the 300,000 treasury shares owned by

the Company).

The Offeror is a wholly-owned subsidiary of MSC Mediterranean Shipping Company

SA, a company owned and managed by the Aponte family.

This announcement is subject to the disclosure requirements pursuant to the

Norwegian Securities Trading Act Section 4-2.

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