MPC Container Ships ASA — Capital/Financing Update 2017

Aug 30, 2017

MPC Container Ships AS announces fleet acquisition

MPC Container Ships AS announces fleet acquisition

Oslo, 30 August 2017 - MPC Container Ships AS (the "Company")

announced today that it has acquired six container vessels in a

portfolio transaction from various owners. The fleet comprises five

1,300 TEU vessels and one 2,700 TEU vessel. The Company's investment

for this fleet totals USD 57 million, including working capital and

dry docking reserves. Given current market charter rates, all

vessels generate positive operating cash flows.

This transaction brings the fleet of the Company to 20 vessels,

whereof 14 are already operated by the Company. Takeover of the

remaining vessels is expected to be completed by the end of

September 2017.

After completion of this transaction, around 80% of the gross

proceeds of USD 175 million from two equity private placements in

April and June 2017 has been successfully deployed.

Further information and contact: ir@mpc-container.com