Klaveness Combination Carriers

Related Party Transaction • May 23, 2023

Klaveness Combination Carriers ASA – Transactions by closely associated party of a primary insider

Klaveness Combination Carriers ASA – Transactions by closely associated party of a primary insider

Oslo, 23 May 2023: Reference is made to the stock exchange announcement by Klaveness Combination Carriers ASA ("KCC” or the "Company") on 23 May 2023 regarding the successful placing of a private placement of new shares (the "Offer Shares") with gross proceeds of the NOK equivalent of approximately USD 50 million (the "Private Placement").

Rederiaksjeselskapet Torvald Klaveness has subscribed for and been allocated 4,224,000 Offer Shares.

Rederiaksjeselskapet Torvald Klaveness has entered into an agreement to lend 7,857,143 shares to DNB Markets, a part of DNB Bank ASA in order to facilitate settlement on a delivery versus payment basis in the Private Placement.

Please see the attached forms for further details.

For additional information, please contact:

Engebret Dahm, Chief Executive Officer

Email: eda@klaveness.com

Phone: +47 957 46 851

Liv Dyrnes, Chief Financial Officer

Email: lhd@klaveness.com

Phone: +47 976 60 561

About Klaveness Combination Carriers ASA

KCC is the world leader in combination carriers, owning and operating eight CABU and eight CLEANBU combination carriers. KCC’s combination carriers are built for transportation of both wet and dry bulk cargoes, being operated in trades where the vessels efficiently combine dry and wet cargoes with minimum ballast. Through their high utilization and efficiency, the vessels emit up to 40% less CO2 per transported ton compared to standard tanker and dry bulk vessels in current and targeted combination trading patterns.