MPC Container Ships ASA

Regulatory Filings • Jul 1, 2021

MPCC - Contemplated secondary placing

MPCC - Contemplated secondary placing

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL

MPCC - Contemplated secondary placing

1 July 2021. ABG Sundal Collier ASA, Clarksons Platou Securities AS and Fearnley Securities AS (jointly the "Managers") have been retained by Star Spike Limited ( “Star”) and Pilgrim Global ICAV (“Pilgrim”) (jointly the “Vendors”) as joint-lead managers and joint bookrunners to explore the sale of 20 - 25 million existing shares in MPC Container Ships ASA (“MPCC” or the “Company”), representing approx. 5 - 6% of the share capital in the Company (the "Placing"). The Placing is to be conducted as an accelerated bookbuilding process.

The bookbuilding process will commence immediately following the publication of this announcement and may be closed at short notice at the full discretion of the Managers. A further announcement will be made following pricing of the shares in the Placing. The Vendors reserve the right, at their own discretion, to sell fewer shares or no shares at all.

The Vendors are both represented on the Board of Directors in the Company. Star currently holds 91,601,254 shares in the Company, representing 23.23% of the share capital in the Company. Pilgrim currently holds 24,132,230 shares in the Company, representing 6.12% of the share capital in the Company. The Vendors will enter into a customary 90 days lock-up for their remaining shares in the Company not sold in the Placing.

For further information, please contact:

ABG Sundal Collier: +47 22 01 60 11

Clarkson Platou Securities: + 47 22 01 63 01

Fearnley Securities: + 47 22 93 63 64

Important Notice

The distribution of this announcement and the offer and sale of the shares in certain jurisdictions may be restricted by law. The shares may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the shares in such jurisdiction. No action has been taken by the Managers or any of their affiliates that would permit an offering of the shares or possession or distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This press release is for information purposes only and does not constitute or form a part of an offer to sell or a solicitation of an offer to purchase any security of the Company in the United States or in any other jurisdiction where such offer or solicitation is unlawful. The securities of the Company described in this press release have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any applicable state or foreign securities laws and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offering of securities in the United States.