Gram Car Carriers ASA - Withdrawal from trading on the OTCQX® Best Market, New York

24 Jul 2024 09:34 CEST

Oslo, 24 July 2024

Reference is made to the recommended voluntary cash offer by SAS Shipping
Agencies Services Sàrl (the "Offeror") to acquire all issued and outstanding
shares (the "Shares") of Gram Car Carriers ASA ("GCC" or the "Company") at a
cash consideration of NOK 263.69 per Share (the "Offer"), as further set out in
the offer document dated 23 May 2024 (the "Offer Document"), and the stock
exchange announcement on 24 July 2024 regarding the completion of the Offer.

The Company has issued a notice to withdraw the Shares from trading on the
OTCQX® Best Market, New York, as set out in Section 5.14 (Delisting of Shares)
in the Offer Document. The withdrawal of the Shares is expected to be effective
from tomorrow, 25 July 2024. Consequently, the Shares will as of 25 July 2024
22:00 CEST no longer be available for trading under the ticker "GCCRF" on OTCQX®
Best Market, New York.

About Gram Car Carriers

GCC is the world's third-largest tonnage provider within the Pure Car Truck
Carriers (PCTCs) segment with 17 owned vessels, across the Distribution, Mid
-size and Panamax segments. The Company provides vessels and logistics solutions
ensuring safe and efficient shipment of vehicles for a network of clients
comprising of major global and regional PCTC operators.

About the Offeror and the MSC Group

The Offeror is a wholly owned subsidiary of MSC Mediterranean Shipping Company
SA (together with its subsidiaries, the "MSC Group"). The MSC Group is a private
global leader in transportation and logistics founded in 1970 and headquartered
in Geneva, Switzerland since 1978. It is owned and managed by the Aponte family.
Despite having grown organically and through several strategic acquisitions over
the past decades to become a leading transportation and logistics conglomerate,
the MSC Group remains true to its core values at all times, particularly family
spirit and care for its 200,000 employees. As one of the world's leading
container shipping lines, the MSC Group has 675 offices across 155 countries
worldwide. With access to a network of road, rail, air and sea transport
resources which stretches across the globe, the MSC Group prides itself on
delivering global service with local knowledge. The MSC Group's shipping line
sails on more than 300 trade routes, calling at over 520 ports.

Advisors:

Fearnley Securities AS and Jefferies LLC are acting as financial advisors to the
Company. Wikborg Rein Advokatfirma AS is acting as legal advisor to the Company
in connection with the Offer. Capient AS is acting as investor relations and
communications advisor. DNB Markets, part of DNB Bank ASA, is acting as
financial advisor to the Offeror and its affiliates and receiving agent in
connection with the Offer. Advokatfirmaet Thommessen AS is acting as legal
advisor to the Offeror and its affiliates in connection with the Offer.

IR Contacts:

Gram Car Carriers ASA

Mas Gram, Head of Projects and IR

Telephone: +47 95 41 00 93

E-mail: ir@gramcar.com

Media Contacts:

Gram Car Carriers ASA

Jan Petter Stiff, senior adviser Capient AS

Telephone: +47 995 13 891

E-mail: jps@capientco.com

For MSC and the Offeror:

Giles Read, Global Head of Public Relations

Telephone: +41 22 703 88 88

E-mail: media@msc.com

More information:
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