MPC Container Ships ASA — Director's Dealing 2021

Mar 1, 2021

MPCC: notification of primary insider trading cf. STA Sec. 4-2

MPCC: notification of primary insider trading cf. STA Sec. 4-2

With reference to Section 4-2 of the Norwegian Securities Trading Act ("STA"), kindly note the following primary insider trade:

Name of listed entity: MPC Container Ships ASA

ISIN number: NO0010791353

Stock ticker: MPCC

Name of primary insider Darren Maupin

Relation to listed entity: Member of the Board of Directors

Trade: 620,437 shares received

Date: 26.02.2021

Average price: NOK 6.32 per share

Primary insider’s total shareholdings post-trade: 1,129,083

Primary insider’s percentage shareholding post-trade: 0.2864%

Note further that the transaction is not a share purchase but represents a PIK fund redemption from Pilgrim Global ICAV where Mr. Maupin serves as Director. The transaction has been planned since late 2020. The amount of shares received and the timing of the transaction has been outside the control of Mr. Maupin.

Mr. Maupin has declared that he has fulfilled his duty to investigate whether in possession of inside information related to MPC Container Ships ASA ("MPCC"), cf. STA Section 3-2 and 3-6. He has concluded that he does not for the time being possess information of a precise nature which is likely to have a significant effect on the share price of MPCC or related financial instruments.