Klaveness Combination Carriers

Transaction in Own Shares • Feb 10, 2025

KCC: Share buyback program finalized including overview of final transactions made under the program

KCC: Share buyback program finalized including overview of final transactions made under the program

Oslo, 10 February 2025: Reference is made to the stock exchange announcement made by Klaveness Combination Carriers ASA ("KCC" or the "Company") on 13 December 2024 of the launch of KCC’s program to repurchase up to 1,200,000 of the Company’s shares in open market transactions for a total amount of up to USD 9,100,000 during the period from 13 December 2024, until no later than 31 March 2025, pursuant to an agreement with DNB Markets. The final transactions under the program were made today, 10 February 2025.

For the period from and including 4 February 2025, through 10 February 2025, the Company purchased a total of 159,649 shares at an average price NOK 74.09 per share, all purchased as ordinary market purchases on Euronext Oslo Børs. Please find below the transaction overview:

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Date / Aggregated daily volume (#shares) / Weighted average share price per day (NOK) / Total daily transaction value (NOK)

04.02.2025 / 38,935 / 73.84 / 2,875,151

05.02.2025 / 38,055 / 74.26 / 2,826,097

06.02.2025 / 39,073 / 74.42 / 2,908,000

07.02.2025 / 18,265 / 74.12 / 1,353,888

10.02.2025 / 25,321 / 73.65 / 1,864,864

Total for the period (#shares / Weighted average share price (NOK) / Total transaction value (NOK))

159,649 / 74.09/ 11,828,000

Previously disclosed buybacks under the program (#shares / Weighted average share price (NOK) / Total transaction value (NOK))

1,040,351 / 74.16 / 77,150,472

Accumulated under the buyback program (#shares / Weighted average share price (NOK) / Total transaction value (NOK))

1,200,000 / 74.15 / 88,978,472

The total transaction value for the period 4 – 10 February 2025 equals approximately USD 1.1 million and the transaction value for the total buybacks under the program equals approximately USD 7.9 million based on daily USDNOK from Norges Bank.

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The issuer’s holding of own shares:

Following the completion of the above transactions, KCC owns a total of 1,206,283 of own shares (including 6,283 shares owned prior to the launch of the buyback program), corresponding to 2.0% of KCC’s share capital.

Appendix:

An overview of all transactions made under the buyback program that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

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.