Gram Car Carriers: Mandatory notifications of trade in connection with Transfers and acquisition of vessels from F. Laeisz

Reference is made to the stock exchange notice by Gram Car Carriers ASA ("GCC" or the "Company") earlier today regarding the successful completion of the transfer of the complete Gram Car Carrier fleet of 16 vessels to GCC from a preceding structure in Singapore (the "Transfers") and the acquisition of two additional vessels from subsidiaries of F. Laeisz GmbH ("F. Laeisz").

As part of the Transfers and the transaction with F. Laeisz, the following primary insiders and close associates have subscribed for shares in GCC at a price of NOK 53 per share, equivalent to the offer price in the private placement as announced completed on 14 January 2022 (the "Private Placement"):

* F. Laeisz, a close associate of Nikolaus H. Schües (vice chair of the board), has subscribed for 8,135,358 shares, of which 883,103 shares will be lent to Pareto Securities AS, in capacity as settlement manager for the Private Placement, to facilitate delivery-versus-payment settlement to investors having been allocated additional shares in the Private Placement;

*  Glenrinnes Farms Limited, a close associate of Alasdair Locke (board member), has subscribed for 1,693,476 shares;

*  Georg Alexander Whist (CEO) has subscribed for 172,594 shares. Immediately upon listing of the Company's shares on Euronext Growth Oslo, the shares held by Mr. Whist in GCC will be transferred to Currus Navi AS, a company 100% owned by Mr. Whist;

*  Børre Mathisen (COO) has subscribed for 11,290 shares;

*  HM Gram Enterprises Limited, a close associate of Harald Mathias Gram (Head of Projects), has subscribed for 453,756 shares;

*  HM Gram Investments III Limited, a close associate of Harald Mathias Gram (Head of Projects), has subscribed for 1,314,240 shares; and

*  Parkland N.V., a close associate of Belle de Bruin (former board member), has subscribed for 710,122 shares.

See the enclosed forms for further details about the transactions.

More information about the Transfers and the acquisition of the vessels from F. Laeisz is included in the minutes from the extraordinary general meeting enclosed to the Company's stock exchange notice on 17 January 2022.

This information is subject to the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

CEO Georg A. Whist

E-mail: [e-mail]

CFO Gunnar S. Koløen

E-mail: [e-mail]

About Gram Car Carriers:

GCC is the world's third-largest tonnage provider within the Pure Car Truck Carriers (PCTCs) segment with 18 vessels, across the Distribution, Mid-size and Panamax segments. The Company serves as a trusted provider of high-quality vessels and logistics solutions ensuring safe, efficient and punctual shipment of vehicles for a network of clients comprising of major global and regional PCTC operators.

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