MPC Container Ships ASA

Capital/Financing Update • Jul 18, 2025

MPCC Continues Fleet Renewal with Newbuild Orders, Long-Term Charters, Portfolio Optimization and Expands Financing Universe

MPCC Continues Fleet Renewal with Newbuild Orders, Long-Term Charters, Portfolio Optimization and Expands Financing Universe

Oslo, Norway, 18 July 2025 -- MPC Container Ships ("MPCC" or the "Company") is

pleased to announce a company update, including a series of strategic

initiatives to modernize its fleet and strengthen its long-term earnings

visibility. The Company has placed a USD 228 million order for four 4,500 TEU

container vessels with secured 3-year charters, divested older non-strategic

tonnage and expanded its financing platform with new debt facilities totaling

over USD 100 million, plus accordion option.

Newbuilding order for four 4,500 TEU container vessels

* MPCC has signed contracts for four 4,500 TEU container vessels with Chinese

shipyard Taizhou Sanfu Ship Engineering, with deliveries scheduled from the

second half of 2027.

* The total investment amounts to USD 228 million and the Company holds

several options for additional vessels, offering future scalability in line

with market opportunities.

* Each vessel has been fixed on a 3-year time charter with a leading global

liner company, expected to generate approximately USD 140 million in revenue

and contribute around USD 100 million in EBITDA over the contracted charter

period.

* The new vessels will feature the latest energy-efficient technologies and

have ~50% lower slot costs compared to many peer vessels currently in

operation. The vessels will be dual-fuel ready, enabling future conversion

to ammonia or methanol, aligning with global maritime decarbonization goals.

* This investment further reinforces MPCC's transition toward a younger, more

efficient, and environmentally compliant fleet, reducing exposure to

regulatory and environmental risk.

* The project will be financed through a balanced mix of equity and debt,

ensuring flexibility and a prudent capital structure.

MPCC secures attractive debt financing and expands banking universe

In addition to successfully tapping the outstanding senior unsecured

sustainability linked bond and entering the Japanese lending market earlier

this year, MPCC continues to secure attractive debt financing, supporting the

company's fleet renewal efforts. The company has recently drawn under two new

debt facilities, namely, a USD 52 million facility with KFW-IPEX as well as a

USD 50 million facility with Deutsche Bank that features a USD 250 million

accordion option. Both facilities are secured by modern ECO-vessels, whereas

the Accordion option further increases MPCC's balance sheet flexibility going

forward. Overall, MPCC continues with a moderate leverage strategy, while 27

vessels remain debt free on the balance sheet.

Sale of non-strategic tonnage and charter update on existing fleet

In parallel with the newbuilding contracts, MPCC will divest three

non-strategic 1,300 TEU vessels for a total consideration of USD 31.5 million,

with existing charters attached. The average age of the sold vessels is 18

years, and the transactions imply a NAV of NOK 25-26 per share.

These sales will reduce the revenue backlog by approximately USD 10 million,

subject to vessel handovers. The vessels are sold to unrelated parties, and

the completion of the sale transaction is subject to successful handover of

the vessels.

Additionally, and in line with the current positive container market

environment, MPCC has secured new ~2-year charter contracts with two top-tier

liner companies for the vessels AS Serena, AS Sophia, AS Angelina, and AS

Penelope.

Updated charter coverage and 2025 financial guidance

These initiatives will further enhance MPCC's revenue backlog and contract

coverage as follows:

- 2025: 100%

- 2026: 88%

- 2027: 34%

Following these developments, MPCC revises its 2025 financial guidance as

follows:

- Revenue: USD 485--500 million (previously USD 485-500 million)

- EBITDA: USD 320--335 million (previously USD 305-325 million)

These actions collectively reflect MPCC's continued focus on maintaining a

modern, efficient and environmentally compliant fleet, while positioning the

Company with a strong balance sheet and investment capacity to capitalize on

market opportunities, improve profitability, and deliver sustainable long-term

shareholder value. The newbuildings will be accretive to both EPS and DPS from

delivery.

"Our ongoing fleet renewal strategy is further reinforced by these measures,"

said Constantin Baack, CEO of MPCC. "They underscore our ability to structure

value-accretive transactions and secure long-term employment with top-tier

liner companies. Backed by a strong balance sheet and enhanced by the new

financing facilities, we are expanding our capacity to pursue value-enhancing

opportunities in alignment with our strategy. These steps deepen our strategic

partnerships, enhance earnings visibility, and support our growth ambitions,

ultimately promoting long-term shareholder value creation and strengthening

the long-term value of the Company."

For more information, contact:

ir@mpc-container.com

About MPC Container Ships

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

provider focusing on small to mid-size container ships. 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 visit

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.

This information has been submitted pursuant to the Securities Trading Act §

5-12 and MAR Article 17. The information was submitted for publication at

2025-07-18 07:30 CEST.