Gram Car Carriers: Completion of Transfers and acquisition of vessels from F. Laeisz

Reference is made to the stock exchange notices by Gram Car Carriers ASA ("GCC" or the "Company") on 12 January and 14 January 2022 (the "Notices") regarding completion of a private placement with a total transaction size of approx. USD 121 million and the contemplated listing of the Company's shares on Euronext Growth Oslo.

As set out in the Notices, completion of the private placement is subject to inter alia 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").

GCC is pleased to announce that the Transfers and the acquisition of the vessels from F. Laeisz have been successfully completed. The first day of trading on Euronext Growth Oslo is expected on or about 31 January 2022.

For further information, please contact:

CEO Georg A. Whist

E-mail: georg.whist@gramcar.com

CFO Gunnar S. Koløen

E-mail: gunnar.koloen@gramcar.com

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

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.