Compulsory acquisition - approval of guarantee

26 Jul 2024 07:57 CEST

Euronext Oslo Børs, in capacity as take-over supervisory authority, has approved
payment guarantee pursuant to the Securities Trading Act section 6-22 3rd
sub-section no. 3 in connection with compulsory acquisition of shares in Gram
Car Carriers ASA without preceding mandatory offer. In this respect, Euronext
Oslo Børs has also considered the other relevant conditions applicable for the
exemption to present a mandatory offer pursuant to the Securities Trading Act
section 6-22 3rd sub-section.

SAS Shipping Agencies Services Sàrl has resolved to effect a compulsory
acquisition of the shares in Gram Car Carriers ASA not already held by SAS
Shipping Agencies Services Sàrl, pursuant to the Public Limited Liability
Companies Act section 4-25. The compulsory acquisition does not comprise shares
owned by Gram Car Carriers ASA.

The price offered under the compulsory acquisition is NOK 263.69 per share,
which would have been the minimum offer price for a mandatory offer from SAS
Shipping Agencies Services Sàrl to the shareholders of Gram Car Carriers ASA.

Attached is a copy of the guarantee document issued by DNB Bank ASA for the
benefit of those that are subject to the compulsory acquisition. The guarantee
document includes, amongst others, information on the deadline for presenting
claims under the guarantee, the address for delivery of claims and the
documentation that must be submitted.

More information:
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624126_00636-12-0069499 SAS Shipping Agencies Services Sarl.pdf