MPC Container Ships ASA: Successfully Completed Private Placement

01 Jul 2026 00:00 CEST

NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY,
IN OR INTO THE UNITED STATES OF AMERICA, THE UNITED KINGDOM, AUSTRALIA,
CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT
CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Oslo, 30 June 2026: Reference is made to the stock exchange announcement by
MPC Container Ships ASA (the "Company") published on 30 June 2026 regarding a
contemplated private placement of new shares in the Company through an
accelerated bookbuilding process (the "Private Placement").

The Company is pleased to announce that the bookbuilding for the Private
Placement has been successfully completed, raising gross proceeds to the
Company of approximately USD 107 million, through the allocation of 44,370,027
new shares (the "Offer Shares"), each at a subscription price of NOK 24 per
Offer Share (the "Offer Price").

The Private Placement attracted strong demand from solid existing shareholders
and other large institutional investors, and the book was multiple times
oversubscribed.

The net proceeds to the Company from the Private Placement will be used to
refinance RCF drawings (if any) and replenish cash used in the announced fleet
acquisition, restoring balance sheet flexibility to pursue further accretive
transactions opportunistically.

Constantin Baack, CEO of MPC Container Ships ASA, said: We are pleased to
announce the completion of a multiple times oversubscribed placement, with
strong demand from both new and existing institutional investors. The response
underscores confidence in our strategy and our approach to fleet growth and
capital allocation, and supports our ability to pursue further accretive
transactions as they arise. We are delighted to welcome our new shareholders
to the register.

In connection with the Private Placement, the Company, the members of the
Company's management and board of directors, MPC CSI GmbH (the Company's
largest shareholder, owning 16.68% of the shares in the Company) and MPCC CSI
Ltd (related to the largest shareholder and owning 3.44% of the shares in the
Company) have entered into lock-up agreements for a period of six (6) months,
subject to customary exemptions.

Settlement of the Private Placement is expected to take place on a delivery
versus payment ("DVP") basis on or about 3 July 2026 (the "Settlement Date"),
subject to satisfaction of the Conditions (as defined below). The allocated
Offer Shares will be delivered to the applicants in the Norwegian Central
Securities Depository, Euronext Securities Oslo ("VPS") account on the
Settlement Date, subject to the Conditions (as defined below) having been met.
Offer Shares will be pre-paid by the Managers (as defined below) pursuant to a
pre-payment agreement (the "Pre-Payment Agreement") entered into between the
Company and the Managers, in order to facilitate prompt registration of the
share capital increase pertaining to the issue of Offer Shares in the
Norwegian Register of Business Enterprises and DVP settlement.

The Offer Shares are not tradable on Euronext Oslo Børs until the share
capital increase pertaining to the issuance of the Offer Shares has been
validly registered with the Norwegian Register of Business Enterprises, which
is expected on or about 2 July 2026.

The share capital increase pertaining to the Private Placement and the
issuance of the Offer Shares were resolved by the board of directors today,
pursuant to the authorisation granted by the Company's annual general meeting
held on 7 May 2026 (the "Authorisation"). Notifications of allotment of the
Offer Shares and payment instructions are expected to be distributed to the
applicants through a notification from the Managers (as defined below) on 1
July 2026 before 09:00 (CEST).

Conditions for completion

Completion of the Private Placement, by delivery of the Offer Shares to the
investors allocated Offer Shares, is subject to: (i) all corporate resolutions
of the Company required to implement the Private Placement being validly made
by the Company, including without limitation the resolution by the board of
directors to increase the share capital of the Company and issue the Offer
Shares pursuant to the Authorisation, (ii) the Pre-Payment Agreement remaining
in full force and effect, (iii) the share capital increase pertaining to the
issuance of the Offer Shares being validly registered with the Norwegian
Register of Business Enterprises, and (iv) the Offer Shares being validly
issued and registered in the VPS (jointly referred to as the "Conditions").
None of the Company, the Managers or the Co-Manager (as defined below) will be
liable for any losses incurred by the applicants if the Private Placement is
cancelled because the Conditions are not fulfilled, irrespective of the reason
for such cancellation.

Following registration of the share capital increase pertaining to the Private
Placement with the Norwegian Register of Business Enterprises, the Company
will have a share capital of NOK 488,070,306 divided into 488,070,306 shares,
each with a nominal value of NOK 1.00.

Equal treatment of shareholders

The Private Placement represents a deviation from the shareholders'
preferential right to subscribe for the Offer Shares. The board of directors
has carefully considered the structure of the equity raise in light of the
equal treatment obligations under the Norwegian Securities Trading Act and the
Norwegian Public Limited Liability Companies Act, and the board of directors
is of the opinion that it is in compliance with these principles. A private
placement enables the Company to raise equity efficiently and in a timely
manner under the current market conditions, with the pricing to be determined
through a bookbuilding, at a lower cost and with significantly reduced
completion risk compared to a rights issue. Accordingly, the board of
directors is of the view that the Private Placement is in the common interest
of the Company and its shareholders and is in compliance with the requirements
relating to equal treatment as set out in Section 5-14 of the Norwegian
Securities Trading Act.

Further, in light of the above and the results of the bookbuilding in the
Private Placement, the board of directors has decided to not carry out any
subsequent repair offering. In reaching this conclusion, the board of
directors has considered, in particular, that the Offer Price in the Private
Placement was set on basis of an accelerated bookbuilding, the size of the
Private Placement and the current price of the Company's shares.

Advisors

DNB Carnegie, a part of DNB Bank ASA, Fearnley Securities AS and Pareto
Securities AS are acting as joint managers and joint bookrunners
(collectively, the "Managers") and Clarksons Securities AS is acting as
co-manager (the "Co-Manager") in the Private Placement. Advokatfirmaet
Thommessen AS is acting as legal advisor to the Company in the Private
Placement.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to Section 5-12 of the Norwegian Securities Trading Act. The stock
exchange announcement was published by Christine Arnesen Karsrud at the time
and date stated above in this announcement.

For further information, please contact:

Christine Arnesen Karsrud, Head of Investor Relations
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.

IMPORTANT INFORMATION

This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of the Company. The
distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Copies of this announcement are not being made
and may not be distributed or sent into any jurisdiction in which such
distribution would be unlawful or would require registration or other
measures. Persons into whose possession this announcement or such other
information should come are required to inform themselves about and to observe
any such restrictions.

The securities referred to in this announcement have not been and will not be
registered under the US Securities Act, and accordingly may not be offered or
sold in the United States absent registration or an applicable exemption from
the registration requirements of the US Securities Act and in accordance with
applicable US state securities laws. The Company does not intend to register
any part of the offering or its securities in the United States or to conduct
a public offering of securities in the United States. Any sale in the United
States of the securities mentioned in this announcement will be made solely to
"qualified institutional buyers" as defined in Rule 144A under the US
Securities Act and "major US institutional investors" as defined in Rule 15a-6
under the United States Exchange Act of 1934.

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
EU Prospectus Regulation, i.e., only to investors who can receive the offer
without an approved prospectus in such EEA Member State. The expression "EU
Prospectus Regulation" means Regulation 2017/1129, as amended, together with
any applicable implementing measures in any Member State.

This communication is only being distributed to and is only directed at
persons in the United Kingdom that are (i) investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") or (ii) high net worth
entities, and other persons to whom this announcement may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as "relevant persons"). This communication
must not be acted on or relied on by persons who are not relevant persons. Any
investment or investment activity to which this communication relates is
available only for relevant persons and will be engaged in only with relevant
persons. Persons distributing this communication must satisfy themselves that
it is lawful to do so.

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect",
"anticipate", "strategy", "intends", "estimate", "will", "may", "continue",
"should" and similar expressions. The forward-looking statements in this
release are based upon various assumptions, many of which are based, in turn,
upon further assumptions. Although the Company believes that these assumptions
were reasonable when made, these assumptions are inherently subject to
significant known and unknown risks, uncertainties, contingencies and other
important factors which are difficult or impossible to predict and are beyond
its control.

Actual events may differ significantly from any anticipated development due to
a number of factors, including without limitation, changes in investment
levels and need for the Company's services, changes in the general economic,
political and market conditions in the markets in which the Company operates,
the Company's ability to attract, retain and motivate qualified personnel,
changes in the Company's ability to engage in commercially acceptable
acquisitions and strategic investments, and changes in laws and regulations
and the potential impact of legal proceedings and actions. Such risks,
uncertainties, contingencies and other important factors could cause actual
events to differ materially from the expectations expressed or implied in this
release by such forward-looking statements. The Company does not provide any
guarantees that the assumptions underlying the forward-looking statements in
this announcement are free from errors nor does it accept any responsibility
for the future accuracy of the opinions expressed in this announcement or any
obligation to update or revise the statements in this announcement to reflect
subsequent events. You should not place undue reliance on the forward-looking
statements in this document.

The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice. The Company does not undertake any obligation to review, update,
confirm, or to release publicly any revisions to any forward-looking
statements to reflect events that occur or circumstances that arise in
relation to the content of this announcement.

Neither the Managers, the Co-Manager nor any of their affiliates makes any
representation as to the accuracy or completeness of this announcement and
none of them accepts any responsibility for the contents of this announcement
or any matters referred to herein.

This announcement is for information purposes only and is not to be relied
upon in substitution for the exercise of independent judgment. It is not
intended as investment advice and under no circumstances is it to be used or
considered as an offer to sell, or a solicitation of an offer to buy any
securities or a recommendation to buy or sell any securities in the Company.
Neither the Managers, the Co-Manager nor any of their affiliates accepts any
liability arising from the use of this announcement.

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