Gram Car Carriers ASA

Major Shareholding Notification • Jan 14, 2022

Gram Car Carriers: Mandatory notifications of trade in connection with Private Placement

Gram Car Carriers: Mandatory notifications of trade in connection with Private Placement

Reference is made to the stock exchange notice made by Gram Car Carriers ASA (the "Company") on 14 January 2022 (the "Notice") regarding the completion of a private placement of shares raising gross proceeds of approx. NOK 1.049 billion (the "Private Placement"), at a price per share of NOK 53 (the "Offer Price"). All terms used in this notice shall have the meaning ascribed to such terms in the Notice.

The following primary insiders/close associates of primary insiders have been allocated and subscribed for shares in the Private Placement at the Offer Price:

* Georg A. Whist, CEO, has subscribed for 65 415 shares;

* Gunnar Koløen, CFO, has subscribed for 18 745 shares;

* Børre Mathisen Iversen, COO, has subscribed for 18 745 shares;

* Harald Mathias Gram, Head of Projects, has through HMG AS subscribed for 18 745 shares;

* Ivar Hansson Myklebust, chair of the board, has through H&M Hinderaker & Myklebust AS subscribed for 28 301 shares;

* Alasdair Locke, board member, has through Glenrinnes Farms Limited subscribed for 245 306 shares;

* Christine Rødsæther, board member, has subscribed for 18 745 shares;

* Nils Kristoffer Gram, board member, has subscribed for 1 886 shares; and

* Ida All Gram, a close associate of Nils Kristoffer Gram, has subscribed for 1 886 shares.

See the enclosed forms for further details about the transactions.

In addition to the current primary insiders, F. Laeisz GmbH has subscribed for 8 135 358 shares. Nikolaus H. Schües, CEO in F. Laeisz GmbH, is expected to be elected as a new member of the board of directors in Gram Car Carriers ASA.

This information is subject to the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities Trading Act.

For more information, please contact:

CEO Georg A. Whist

E-mail: georg.whist@gramcar.com

CFO Gunnar S. Koløen

E-mail: gunnar.koloen@gramcar.com

About Gram Car Carriers:

GCC is the world’s third-largest tonnage provider within the Pure Car Truck Carriers (PCTCs) segment with 18 vessels (including the two vessels to be acquired from F. Laeisz), 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.