Klaveness Combination Carriers

Share Issue/Capital Change • Aug 11, 2023

KCC: New share capital registered

KCC: New share capital registered

Oslo, 11 August 2023: Reference is made to the warrants issued by the General Meeting of Klaveness Combination Carriers ASA (“KCC”) on 24 September 2018. Hundred Roses Corporation (“HRC”) has exercised all of its 14,020 warrants giving right to one share each. Exercise price adjusted for paid dividends is NOK 26.06 per share. The remaining number of outstanding warrants after the exercise is 215,068 with final exercise date 24 September 2023. The remaining warrants are held by closely associated companies of primary insiders.

The share capital increase related to the exercise of warrants has been registered with the Norwegian Register of Business Enterprises today. Following such registration, the share capital of the Company is NOK 60,243,163 divided into 60,243,163 shares, each with a par value of NOK 1.00.

For further queries, please contact:

Engebret Dahm, CEO, Telephone +47 957 46 851

Liv Dyrnes, CFO, Telephone +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 with three CABU vessels under construction for delivery in 2026. 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.