MPC Container Ships ASA — Earnings Release 2026

May 27, 2026

MPC Container Ships Reports Q1 2026 Results

MPC Container Ships Reports Q1 2026 Results

Oslo, Norway, 27 May 2026 - MPC Container Ships ("MPCC" or the "Company", Oslo

Børs Ticker: MPCC), today presented its quarterly results for the first

quarter of 2026. The Company delivered another quarter with solid operational

and financial performance, supported by a strong contract backlog with 99% of

open days covered in 2026, 69% in 2027 and 41% in 2028.

Highlights Q1 2026:

* Charter backlog of USD 2.0 billion with 99% contract coverage for 2026 and

high coverage for 2027 (69%), as well as 2028 (41%)

* Quarterly recurring dividend of USD 0.04 per share

* Financial guidance for 2026 of operating revenues in the range of USD

450-460 million and EBITDA in the range of USD 260-280 million

* Continued robust operations with very high fleet utilization of 99.1% (Q1

2025: 96.0%) and adj. average TCE of USD 25,040 per day (Q1 2025: USD

25,441)

* Operating revenues of USD 118.9 million (Q1 2025: USD 127.1 million) and

EBITDA of USD 68.0 million (Q1 2025: USD 77.8 million). EBITDA adjusted for

non-recurring items was USD 67.1 million (Q1 2025: USD 66.2 million)

* The balance sheet remains solid, with 30 debt-free vessels and a leverage

ratio of 30.7%

* The Group's fleet consisted of 51 vessels, with an aggregate capacity of

approximately 130,000 TEU. Additionally, the Group has 17 newbuildings on

order, bringing the total capacity to approximately 170,000 TEU

CEO Constantin Baack comments:

"The first quarter of 2026 marked a solid start to the year for MPC Container

Ships, against one of the most disrupted operating environments in recent

years. In the segments where MPCC operates, we continue to see limited

availability of modern feeder tonnage and an orderbook concentrated in larger

vessels underpinning a favorable supply/demand balance."

Co-CEO and CFO Moritz Fuhrmann added:

"By closing a revised and upsized RCF with HCOB, we have further strengthened

our balance sheet flexibility and investment capacity, ensuring that MPC

Container Ships can act decisively across market cycles.

The consistent execution of our capital allocation strategy has resulted in a

significant reduction in debt costs over the past years, combined with a

manageable leverage ratio of around 30%. With 30 debt free vessels, our

balance sheet remains conservatively structured, giving us the flexibility to

fund our fleet renewal program while maintaining sustainable distributions to

shareholders."

The results will be presented in an earnings call today at 15:00 CEST,

followed by a Q&A session. The earnings call can be accessed through the

following link: https://qcnl.tv/p/hnx5G9unnRz9P0PV6YabpQ

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. The information was submitted for publication, through the

agency of the contact persons set out above, at 2026-05-27 07:00 CEST.