Gram Car Carriers ASA: Disclosure of large shareholding

07 Mar 2023 17:24 CET

Reference is made to the stock exchange notice published by Gram Car Carriers
ASA ("GCC") on 9 February 2023 (the "Notice") regarding mandatory notifications
of trades by certain primary insiders and close associates, including by AL
Maritime Holding Pte. Ltd. ("AL Maritime"), a close associate of board member
Clivia Breuel and alternate board member Nicolaus Bunnemann. AL Maritime is 100%
owned by Asiatic Lloyd Maritime LLP, which is 100% owned by AL Capital Holding
GmbH & Co. KG., which in turn is controlled by the Bunnemann family.

As set out in the Notice, on 9 February 2023, AL Maritime purchased 291,007
shares in GCC at a price of NOK 144.21 per share. Following the transaction, AL
Maritime owns 2,977,713 shares in GCC, representing approximately 10.17% of the
total number of shares and votes in GCC. Consequently, AL Maritime has exceeded
the 10% threshold pursuant to section 4-2 of the Norwegian Securities Trading
Act. AL Maritime does not hold any rights to shares in GCC.

This information is subject to the disclosure requirements in section 4-2 of the
Norwegian Securities Trading Act.

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