Gram Car Carriers ASA

Gram Car Carriers Commences Trading on the OTCQX® Best Market, New York

Oslo, 22 June 2023: Gram Car Carriers is pleased to announce that the company

has qualified to begin trading as of today on the OTCQX® Best Market, New York

under the ticker "GCCRF". Trading will commence at 9.30 EST / 15.30CEST). To

qualify on OTCQX, companies must meet high financial standards, follow best

practice corporate governance, and demonstrate compliance with applicable

securities laws.

OTC Markets Group Inc. (OTCQX: OTCM), is an operator of regulated markets for

over 12,000 U.S. and international securities. GCC upgraded to the OTCQX® Best

Market from the Pink® market, taking an important step in providing transparent

trading for Gram Car Carrier's existing and potential future U.S.-based

investors. With harmonised standards, GCC can efficiently apply qualified

reporting measures from the Oslo Børs to make financial disclosures and news

readily available in the U.S.

"We join the OTCQX Market with a clear ambition of generating increased

recognition and engagement with a wider base of US investors. Through our fleet

of owned and operated car carriers on long-term contracts, we have good earnings

visibility and are positioned to deliver attractive dividends to our

shareholders. We are confident that cross-trading on OTCQX will create

additional long-term value through a broader US investor base and higher trading

volumes in our shares," says Georg A. Whist, the CEO of Gram Car Carriers.

For further information, please contact:

CEO, Georg A. Whist

Head of Projects and IR, Mas Gram

About Gram Car Carriers:

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

Carriers (PCTCs) segment with 19 owned 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. To learn more, please visit gramcar.com.

AI Terminal