MPC Container Ships ASA

Regulatory Filings • Dec 16, 2025

MPC Container Ships ASA orders six container ship newbuildings with long-term charters and advances portfolio and financing initiatives

MPC Container Ships ASA orders six container ship newbuildings with long-term charters and advances portfolio and financing initiatives

Oslo, Norway - 16 December, 2025 - MPC Container Ships ASA ("MPCC" or the

"Company") is pleased to announce a company update including a series of

strategic initiatives including additional six newbuildings, establishment of

a joint venture, upsizing its existing revolving credit facility as well as a

vessel sale.

Newbuilding order for six 3,700 TEU container vessels

MPCC has entered into contracts with Taizhou Sanfu Ship Engineering in China

for the construction of six 3,700 TEU container vessels scheduled for first

delivery in second half of 2028. Each vessel will operate under a 10-year time

charter, with extension options, to a top 5 liner company.

The vessels are based on the newest design, which optimizes speed and fuel

consumption for regional and feeder trades, while keeping enough flexibility

to shift between trade lanes as markets evolve. The vessels are prepared for

alternative fuels and advanced emissions-reduction technologies, providing a

design that can adapt to tightening environmental rules over the lifetime of

the ships.

With a total investment of USD 292.5 million, the initial charter period is

expected to generate approximately USD 479 million in revenue and around USD

288 million in EBITDA. The project will be financed through a balanced mix of

equity and debt, ensuring financial flexibility and maintaining a prudent

capital structure.

MPCC and Uthalden establish joint venture

MPCC is pleased to announce a newly established 50/50 joint venture with

Uthalden AS ("Uthalden"). The JV will own two 4,500 TEU newbuildings that are

currently wholly owned by MPCC and will be on charter to a top 5 liner

company.

The establishment of this joint venture will free up committed capital and

optimize the company's investment capacity, while partnering with an

experienced shipping investor. It is expected that the joint venture will

finance the majority of the purchase price of the vessels through moderate

leverage.

Upsized and optimized revolving credit facility ("RCF")

In addition to the aforementioned measures, MPCC has upsized its existing

undrawn RCF to USD 130 million with maturity in 2030 as well as reduced the

applicable margin.

The optimized facility will strengthen MPCC s balance sheet flexibility and

provide additional capital to support potential future acquisitions.

The overall balance sheet remains conservatively structured with low leverage,

while more than 50% of the assets remain debt free.

Sale of AS CLEMENTINA

In line with its fleet modernization, MPCC has agreed to sell AS Clementina, a

vessel approaching the 20-year class renewal in 2026, at an attractive price

of USD 24 million. Handover is expected to take place after expiry of the

current charter, towards the end of Q2 26. The implied NAV is 34 NOK per

share.

"2025 has proven to be a transformational year for MPCC", said Constantin

Baack, CEO of MPCC. "With yet another newbuilding order against a long-term

charter with a top-tier counterpart, we have in total 17 state-of-the-art

newbuildings on order with deliveries from 2026 and onwards. These measures

strengthen our strategic partnerships, enhance earnings visibility, and

reinforce our commitment to long-term value creation. As a result, our

contracted backlog now exceeds USD 2 billion, providing exceptional visibility

and positioning MPCC for sustainable growth and resilience in the years ahead.

I am also pleased that we have further advanced on additional portfolio and

financing initiatives, including teaming up with Uthalden, a trusted partner

we have successfully worked with in the past."

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,

through the agency of the contact persons set out above, at 2025-12-16 07:00

CET.