MPC Container Ships ASA

Share Issue/Capital Change • Aug 4, 2020

MPC Container Ships ASA announces approval and publication of prospectus and listing of shares issued in private placement

MPC Container Ships ASA announces approval and publication of prospectus and listing of shares issued in private placement

NOT FOR DISTRIBUTION, PUBLICATION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO

THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, NEW ZEALAND, SOUTH AFRICA OR

JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE

UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT

THE END OF THE PRESS RELEASE.

Oslo, 4 August 2020 - Reference is made to the stock exchange announcements by

MPC Container Ships ASA ("MPC" or the "Company") on 10 and 13 July 2020,

respectively, regarding the completion of the fully underwritten private

placement of 260,000,000 new shares, each with a par value of NOK 1.00, at a

subscription price of NOK 1.00 per share (the "Private Placement"), and the

subsequent offering of 35,000,000 shares, each with a par value of NOK 1.00, at

a subscription price of NOK 1.00 per share (the "Subsequent Offering").

The Financial Supervisory Authority of Norway has today, on 4 August 2020,

approved a prospectus prepared by the Company (the "Prospectus") in connection

with the listing of the new shares issued in the Private Placement and as

settlement of the underwriting commission in the Private Placement, and the

Subsequent Offering and the offering and listing of new shares in the Subsequent

Offering, including the listing of new shares issued as settlement of the

underwriting commission in the Subsequent Offering. The subscription period in

the Subsequent Offering will commence on 6 August 2020 at 09:00 hours (CEST),

and expire on 20 August 2020 at 16:30 hours (CEST).

Pending publication of the Prospectus, the 260,000,000 new shares issued in the

Private Placement, as well the 6,353,127 new shares issued as settlement of the

underwriting commission in the Private Placement, were placed on a separate ISIN

from the Company's other shares. Upon publication of the Prospectus, such shares

will be transferred to the same ISIN as the Company's ordinary shares, ISIN

NO0010791353, and accordingly become listed and tradeable on the Oslo Stock

Exchange under ticker code "MPCC". The first day of trading of such shares at

the Oslo Stock Exchange will be Wednesday 5 August 2020.

The Prospectus, including the subscription form, will be published today and

will, subject to applicable local securities laws, be available at

www.dnb.no/emisjoner and www.paretosec.com/transactions. Hard copies of the

Prospectus will be available at the offices of the Company at Munkedamsveien

45A, 0250 Oslo, Norway from the same date, or may be obtained by contacting DNB

Markets on tel. +47 23 26 81 01 and Pareto Securities AS on tel. +47 22 87 87

Advisors:

DNB Markets, a part of DNB Bank ASA, and Pareto Securities AS are engaged as

managers and joint bookrunners in the Private Placement and the Subsequent

Offering. Advokatfirmaet Thommessen AS is acting as legal counsel to the Company

in connection with the Private Placement and the Subsequent Offering. Wikborg

Rein Advokatfirma AS is acting as legal advisor to the Managers in connection

with the Private Placement and the Subsequent Offering.

For further information, please contact:

For further information, please contact ir@mpc-container.com.

This information is subject to the disclosure requirements pursuant to Section 5

-12 of the Norwegian Securities Trading Act.

About MPC Container Ships ASA:

MPC Container Ships ASA (ticker code "MPCC") was formed in April 2017. Its main

activity is to own and operate a portfolio of container ships with a focus on

the feeder segment between 1,000 and 3,000 TEU. The Company is registered and

has its business office in Oslo, Norway. For more information, please see our

webpage: www.mpc-container.com.

Important Notice:

This announcement is not and does not form a part of any offer to sell, or a

solicitation of an offer to purchase, any securities of the Company.

Neither this announcement nor any copy of it may be made or transmitted into the

United States, or distributed, directly or indirectly, in the United States.

Neither this announcement nor any copy of it may be taken or transmitted

directly or indirectly into Australia, Canada, Japan, Hong Kong, New Zealand or

South Africa or to any persons in any of those jurisdictions, except in

compliance with applicable securities laws. Any failure to comply with this

restriction may constitute a violation of national securities laws. The

distribution of this announcement in other jurisdictions may be restricted by

law and persons into whose possession this announcement comes should inform

themselves about, and observe, any such restrictions. This announcement does not

constitute, or form part of, an offer to sell, or a solicitation of an offer to

purchase, any securities in Australia, Canada, Japan, South Africa, Hong Kong,

New Zealand or the United States or in any jurisdiction to whom or in which such

offer or solicitation is unlawful.

The securities referred to in this announcement have not been and will not be

registered under the U.S. Securities Act of 1933, as amended (the "Securities

Act"), or any securities laws of any state or other jurisdiction of the United

States and may not be offered or sold within the United States except pursuant

to an exemption from, or in a transaction not subject to, the registration

requirements of the Securities Act and in compliance with applicable state law.

There will be no public offer of the securities in the United States.

This announcement is an advertisement and does not constitute a prospectus for

the purposes of the Prospectus Regulation (EU) 2017/1129 (as amended, together

with any applicable implementing measures in any Member State, the "Prospectus

Regulation"). In any EEA Member State that has implemented the Prospectus

Regulation, this communication is only addressed to and is only directed at

qualified investors in that Member State within the meaning of the Prospectus

Regulation. In addition, in the United Kingdom, this announcement is not being

distributed, nor has it been approved for the purposes of Section 21 of the

Financial Services and Markets Act 2000 ("FSMA"), by a person authorized under

FSMA and is directed only at persons who (i) are outside the United Kingdom,

(ii) are investment professionals falling within Article 19(5) of the U.K.

Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as

amended) (the "Order") or (iii) high net worth companies, and other persons to

whom it may lawfully be engaged with, falling within Article 49(2)(a) to (d) of

the Order (all such persons in (i), (ii) and (iii) above together being referred

to as "relevant persons"). Under no circumstances should persons who are not

relevant persons rely or act upon the contents of this announcement. Any

investment or investment activity to which this announcement relates in the

United Kingdom is available only to, and will be engaged only with, relevant

persons.

Matters discussed in this announcement may constitute forward- looking

statements. Forward-looking statements are statements that are not historical

facts and may be identified by words such as "believe", "expect", "anticipate",

"strategy", "intends", "estimate", "will", "may", "continue", "should" and

similar expressions. The forward-looking statements in this release are based

upon various assumptions, many of which are based, in turn, upon further

assumptions. Although the Company believes that these assumptions were

reasonable when made, these assumptions are inherently subject to significant

known and unknown risks, uncertainties, contingencies and other important

factors which are difficult or impossible to predict and are beyond its control.

Such risks, uncertainties, contingencies and other important factors could cause

actual events to differ materially from the expectations expressed or implied in

this release by such forward-looking statements.

The information, opinions and forward-looking statements contained in this

announcement speak only as at its date, and are subject to change without

notice. The Company does not undertake any obligation to review, update,

confirm, or to release publicly any revisions to any forward-looking statements

to reflect events that occur or circumstances that arise in relation to the

content of this announcement.

The distribution of this announcement and other information may be restricted by

law in certain jurisdictions. Persons into whose possession this announcement or

such other information should come are required to inform themselves about and

to observe any such restrictions.