MPCC: Continues Fleet Optimization and Updates Guidance for FY 2025

25 Mar 2025 18:25 CET

Oslo, Norway, 25 March 2025: MPCC is pleased to announce further strategic
measures to optimize the portfolio and enhancing its fleet composition. With
reference to the investor presentation issued on 14 March 2025, the company
has entered into an agreement to sell five vessels en bloc, involving three
1,300 TEU vessels and two 2,000 TEU vessels. Separately, two vessels were
recently sold to an undisclosed buyer. The average age of the seven sold
vessels is 17 years and the transactions imply a NAV of NOK 30 per share.

The five vessels will be sold with the existing charters attached, which will
reduce the revenue backlog by approximately USD 40m, subject to the respective
handover dates, of which USD 24m relates to 2025.

The vessels are sold to unrelated parties, and the completion of the sale
transactions is subject to successful handover of the vessels.

Consequently, the Company is updating its financial guidance for 2025. The
updated guidance for 2025 is revenues of USD 485m-500m and EBITDA of USD
305m-325m (previous guidance of revenues of USD 515m-530m and EBITDA of USD
290m-310m).

Commenting on transactions, Co-CEO & CFO Moritz Fuhrmann, said:
"We are committed to continued renewal of the fleet with a focus on
optimization and sustainability. These transactions are highly accretive on a
per share basis and follow our strategy to enhance the fleet composition and
build the company for years to come.

In addition to the divestments and following the successful bond tap of USD
75m last week, we are pleased to announce the completion of our first Japanese
financing transaction, for the re-financing of one of our eco vessels. This is
MPCC's first facility in the highly competitive Japanese financing market
which ideally positions the company for further accretive fleet optimization
measures."

For more information, contact:
ir@mpc-container.com

About MPC Container Ships
MPC Container Ships ASA (ticker code "MPCC") is a leading container tonnage
provider focusing on small to mid-size container ships. Its main activity is
to own and operate a portfolio of container ships serving intra-regional trade
lanes on fixed-rate charters. The Company is registered and has its business
office in Oslo, Norway. For more information, please visit
www.mpc-container.com.

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication at
2025-03-25 18:25 CET.

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