MPC Container Ships ASA

Business and Financial Review • Jan 18, 2022

MPC Container Ships ASA publishes container market and operational update

MPC Container Ships ASA publishes container market and operational update

Oslo, 18 January 2022 - MPC Container Ships ASA ("MPCC" or the "Company", and

together with its subsidiaries, the "Group") is pleased to announce the

following market and company update and measures taken to implement the

Company's distribution plan. The update includes the following:

· Completion of the balance sheet optimization in Q4 2021 leading to more than

30 vessels being unencumbered

· The container market started the year 2022 even stronger than it ended 2021

· Over the past weeks, MPCC has concluded seven additional multi-year charter

fixtures (at strong rates and for forward positions) and one additional vessel

sale

· As of 1 January 2022 contracted revenues increased to ~USD 1.2 billion and

projected secured EBITDA is more than USD 850 million

· An amount of USD 150 - 160 million in proceeds from vessel sales is

available for event-driven distributions already in Q1 2022

· An extraordinary general meeting will be held on 28 January 2022, where

authorisations for both dividend distributions and share buy-backs are proposed

to be granted to the board, to commence event-driven and recurring distributions

For further details on the market and operational update on the Company, please

refer to the attached presentation. An investor call will be hosted on Wednesday

19 January at 10:00 CET. Please see below for call-in details.

The above information is subject to the disclosure requirements pursuant to

section 5-12 of the Norwegian Securities Trading Act.

Investor call and webcast:

The Company will host a webcast for the investor call commencing on Wednesday 19

January 2022 at 10:00 hours CET. The presentation will be made available on the

Company's webpage (https://www.mpc-container.com/investors-and-media/press

-releases/). There will be a Q&A session after the presentation.

The event is being streamed. It is recommended that you listen via your computer

speakers. Please note that for optimal viewing, it is recommended not to use

VPN, but instead to connect directly to the internet. Please disable pop-up

blockers in order to view the content in its entirety.

The live webcast can be accessed through the following link:

https://edge.media-server.com/mmc/p/fibfi3gn

Alternatively, participants may dial in to the earnings call using the below

dial-in information:

Norwegian LocalCall Dial-In (Oslo): +47 23 96 02 64

US LocalCall Dial-In (New York): +1 (631) 510-7495

International/Toll Attendee Dial-In: +44 (0) 2071 928000

Conference ID: 3396473

Further information and contact:

For further information, please contact ir@mpc-container.com.

About MPC Container Ships ASA:

MPC Container Ships ASA (ticker code "MPCC") is a leading container tonnage

provider with a focus on the feeder segment below 5,000 TEU. Its main activity

is to own and operate a portfolio of container ships serving intra-regional

trade lanes on fixed-rate charters. The Company is registered and has its

business office in Oslo, Norway. For more information, please see our website:

www.mpc-container.com.

***

Forward-looking statements:

This announcement includes forward-looking statements. Such statements are

generally not historical in nature, and specifically include statements about

the Company's plans, strategies, business prospects, changes and trends in its

business, the markets in which it operates and its restructuring efforts. These

statements are made based upon management's current plans, expectations,

assumptions and beliefs concerning future events impacting the Company and

therefore involve a number of risks, uncertainties and assumptions that could

cause actual results to differ materially from those expressed or implied in the

forward-looking statements, which speak only as of the date of this news

release. Consequently, no forward-looking statement can be guaranteed. When

considering these forward-looking statements, you should keep in mind the risks

described from time to time in the Company's regulatory filings and periodical

reporting. The Company undertakes no obligation to update any forward-looking

statements to reflect events or circumstances after the date on which such

statement is made or to reflect the occurrence of unanticipated events. New

factors emerge from time to time, and it is not possible for the Company to

predict all of these factors. Further, the Company cannot assess the impact of

each such factor on its business or the extent to which any factor, or

combination of factors, may cause actual results to be materially different from

those contained in any forward-looking statement.