Klaveness Combination Carriers

Share Issue/Capital Change • Sep 6, 2023

KCC: Exercise of warrants and transactions by closely associated parties of primary insiders

KCC: Exercise of warrants and transactions by closely associated parties of primary insiders

Oslo, 6 September 2023: Reference is made to the warrants issued by the General Meeting of Klaveness Combination Carriers ASA (“KCC”) on 24 September 2018 with expiry date 24 September 2023. In total 215,068 warrants have today been exercised by Rederiaksjeselskapet Torvald Klaveness (159,377 warrants) and EGD Shipholding AS (55,691 warrants). Rederiaksjeselskapet Torvald Klaveness is a closely associated party of the Chair of the Board, Ernst Meyer, while EGD Shipholding AS is a closely associated party of Board Member, Magne Øvreås. Please see the attached forms for further details.

Exercise price adjusted for paid dividends is NOK 23.40 per share. There are no outstanding warrants after the exercise.

Following registration of the shares with the Norwegian Register of Business Enterprises, the share capital of the Company will be NOK 60,458,231 divided into 60,458,231 shares, each with a par value of NOK 1.00.

Following the exercise of the warrants EGD Shipholding AS has sold the shares to another closely associated party of Magne Øvreås, EGD Shipping Invest AS. Please see attached forms for further details.

After the transactions Rederiaksjeselskapet Torvald Klaveness holds 32,537,608 shares in KCC, equal to approximately 53.82%, and EGD Shipping Invest AS holds 5,860,819 shares in KCC, equal to approximately 9.69%. EGD Shipholding AS holds no shares in KCC after the transactions.

One PDMR form was missing in the first stock exchange notice.

For further queries, please contact:

Liv Dyrnes, CFO, Telephone +47 976 60 561