Gram Car Carriers ASA

Transactions made under the repurchase program for Gram Car Carriers ASA

Reference is made to the stock exchange announcement from Gram Car Carriers ASA

("GCC" or the "Company") of 8 May 2023 regarding the repurchase program of up to

300,000 own shares. The repurchase program is based on the authorizations given

to the board by the Company's annual general meeting held on 12 May 2022 and 12

May 2023. The current repurchase program is valid until 31 August 2023.

The following repurchases have been made in accordance with the "safe harbor"

rules, which includes a limitation of 25% of the average daily volume traded in

the last 20 trading days:

Date Volume Average price Total cost (NOK)

08.05.2023 17,156 168.3625 2,888,427

09.05.2023 14,983 169.8499 2,544,861

10.05.2023 16,314 172.5336 2,814,713

11.05.2023 13,831 175.5612 2,428,187

16.05.2023 12,491 169.3268 2,115,061

Total previously published repurchases under the program:

Volume Average price Total cost (NOK)

0 - -

Total repurchases under the program:

Volume Average price Total cost (NOK)

74,775 171.1268 12,791,249

A detailed overview of all completed transactions under the repurchase program

carried out during the above time period is attached hereto. At present date,

GCC owns 74,775 treasury shares in the Company, corresponding to 0.26% of GCC's

share capital.

For further information, please contact:

CFO: Gunnar S. Koløen

Telephone: +65 9176 6661

Head of Projects and IR : Mas Gram

Telephone: +47 954 10 093

This information is published in accordance with the Market Abuse Regulation

(EU) 596/2014 Article 5, as supplemented by delegated Commission Regulation (EU)

2016/1052, and is subject to disclosure requirements in accordance with the

Securities Trading Act § 5-12.

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