Gram Car Carriers: Issuance of consideration shares and mandatory notification of trade in connection with acquisition of Paglia

29 Nov 2022 17:10 CET

Reference is made to the stock exchange notice by Gram Car Carriers ASA (the
"Company") earlier today, 29 November 2022, regarding the successful completion
of the acquisition of the pure car truck carrier "Paglia" (5,000 CEU) from
MS "Paglia" GmbH & Co. KG, a company 100% owned by F. Laeisz GmbH ("F. Laeisz").

In connection with completion of the transaction, the Company has issued 563,218
new shares to F. Laeisz, a close associate of Nikolaus H. Schües (vice chair of
the board), at a subscription price of USD 17.4 (equal to approximately NOK
172.4) per share, which have been subscribed by F. Laeisz. The shares have been
issued by the Company's board of directors pursuant to the authorization granted
by the annual general meeting on 12 May 2022 and entails an increase of the
Company's share capital by NOK 1,641,621 (rounded) to NOK 85,357,580 (rounded).

Following completion of the transaction, F. Laeisz holds 7,884,229 shares in the
Company, equal to approximately 26.92% of the Company's share capital. Please
see the enclosed form for further details about the transaction.

This information is subject to the disclosure requirements in Regulation EU
596/2014 (MAR) article 19 number 3, the Euronext Rule Book II and section 5-12
of the Norwegian Securities Trading Act.

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576960_F_Laeisz_Notification_of_transactions_by_persons_closely_associated_with_PDMR_29_11_22.pdf