Gram Car Carriers ASA

Independent statement related to the voluntary cash offer by SAS Shipping Agencies Services Sàrl for the shares in Gram Car Carriers ASA

Oslo, 27 May 2024.

Reference is made to the announcement on 27 May 2024 regarding the launch of the

recommended voluntary cash offer (the "Offer") by SAS Shipping Agencies Services

Sàrl ("SAS" or the "Offeror") to acquire all issued and outstanding shares (the

"Shares") of Gram Car Carriers ASA ("GCC" or the "Company") for a cash

consideration of NOK 263.69 per Share.

Pursuant to section 6-16 of the Norwegian Securities Trading Act of 29 June 2007

No. 75 (the "Norwegian Securities Trading Act"), the board of directors of GCC

(the "Board") shall provide a statement on the Offer. Oslo Børs, in its capacity

as take-over supervisory authority, has decided that the statement on the Offer

shall be issued by an independent expert and not by the Board, and that such

statement can be issued by ABG Sundal Collier ASA ("ABG Sundal Collier") on

behalf of GCC, cf. section 6-16 (4) of the Norwegian Securities Trading Act.

The statement by ABG Sundal Collier is attached to this announcement.

IR Contacts:

Gram Car Carriers ASA

Mas Gram, Head of Projects and IR

Telephone: +47 95 41 00 93

Media Contacts:

Gram Car Carriers ASA

Jan Petter Stiff, senior adviser Capient AS

Telephone: +47 995 13 891

About Gram Car Carriers:

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

Carriers (PCTCs) segment with 17 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 subject to the disclosure requirements pursuant to section 5

-12 the Norwegian Securities Trading Act.

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