MPC Container Ships – Allocation of new shares in private placement

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Oslo, 21 February 2020 - Reference is made to the announcement made on 14 February 2020 by MPC Container Ships ASA ("MPCC" or the "Company") regarding the successful completion of the private placement of 7,250,00 new shares raising gross proceeds of NOK 125 million at a subscription price of NOK 17.25 per share (the "Private Placement").

The Private Placement was underwritten by Company shareholders Star Spike Ltd., a fund managed by STAR Capital Partnership LLP, CSI Beteiligungsgesellschaft mbH and Pilgrim Global ICAV (the "Underwriters") with NOK 125 million, at a price equal to the subscription price in the Private Placement.

Star Spike Ltd. has been allocated 1,859,226 new shares in the Private Placement. After completion of the Private Placement, Star Spike Ltd. will hold 18,205,226 shares in the Company, which represents 19.90% of the Company's shares and voting rights. CSI Beteiligungsgesellschaft mbH has been allocated 2,673,378 new shares in the Private Placement. After completion of the Private Placement, CSI Beteiligungsgesellschaft mbH will own 13,660,878 shares in the Company, which represents 14.93% of the Company's shares and voting rights. Pilgrim Global ICAV has been allocated 805,556 new shares in the Private Placement. After completion of the Private Placement, Pilgrim Global ICAV will own 3,739,770 shares in the Company, which represents 4.09% of the Company's shares and voting rights.

Following registration of the share capital increase pertaining the Private Placement with the Norwegian Register of Business Enterprises, the Company will have a share capital of NOK 915,030,000 divided into 91,503,000 shares, each with a nominal value of NOK 10.

Please refer to the announcement made on 14 February 2020 for further information about the delivery of the new shares and the approval of the Private Placement by the extraordinary general meeting to be held on 9 March 2020 (the "EGM"). The delivery of the new shares are subject to approval of the Private Placement by the EGM.


Further information and contact:

ir@mpc-container.com

About MPC Container Ships ASA:

MPC Container Ships ASA (ticker code "MPCC") was formed in April 2017. Its main activity is to own and operate a portfolio of container ships with a focus on the feeder segment between 1,000 and 3,000 TEU. The Company is registered and has its business office in Oslo, Norway. For more information, please see our webpage: www.mpc-container.com.

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