MPC Container Ships ASA

MPC Container Ships ASA announces initiation of share buy-back programme

Oslo, 5 June 2019 - Pursuant to the authority for the Board of Directors of MPC

Container Ships ASA (the "Company") to acquire shares in the Company, as granted

by the annual general meeting on 25 April 2019, the Board of Directors have

resolved to initiate a share buy-back programme.

The share buy-back programme comprises up to 8,255,344 common shares, which

together with previously repurchased shares represents up to 10% of the

Company's share capital.

When acquiring own shares the consideration per share may not exceed NOK 200,

and shall in no event exceed the price of the last independent trade or the

highest current independent bid at the Oslo Stock Exchange on the relevant

trading day. The number of shares acquired per day shall not exceed 13,853,

representing 25% of the average daily trading volume in May 2019 (excluding

reported trades not matched via the stock exchange's electronic order book) of

55,413 shares.

Any acquired shares may for example be used as consideration in acquisitions or

other transactions. The Board of Directors determines the methods by which the

Company's shares can be acquired or disposed of. Any repurchased shares will be

held as treasury shares.

The buy-back programme will commence today and will continue until the Company's

next annual general meeting, at the latest on 30 June 2020. Any transactions in

own shares will be continuously and promptly disclosed through the Oslo Stock

Exchange and on the Company's webpage.

The above information is subject to the disclosure requirements pursuant to

section 5-12 of the Norwegian Securities Trading Act.

Further information and contact:

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

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