KCC: Contemplated Block Sale of Existing Shares in Klaveness Combination Carriers ASA (KCC)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR
JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY
APPLICABLE LAW. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OF
SECURITIES IN ANY JURISDICTION IN WHICH ANY SUCH OFFER WOULD BE UNLAWFUL. PLEASE
SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

Oslo, 2 September 2026
Rederiaksjeselskapet Torvald Klaveness (the "Seller") has retained Clarksons
Securities AS, Fearnley Securities AS, and Pareto Securities AS as Joint Global
Coordinators and Joint Bookrunners (the "Managers") to explore a potential block
sale of existing shares in Klaveness Combination Carriers ASA (the "Company")
(the "Offering").
 
The Seller is contemplating selling approx. 10% of the existing shares (the
"Offer Shares") in the Company. The Seller reserves the right, at its sole
discretion, to amend the number of Offer Shares to be sold or to sell no Offer
Shares at all. The Offer Shares will be sold at a fixed price of NOK 94.70 per
Offer Share.
 
The application period in the Offering will commence immediately 2 September
2026 and will close no later than on 3 September 2026 at 08:00 CEST. The Seller
may, at its sole discretion, extend or shorten the application period at any
time and for any reason without notice. If the application period is extended or
shortened, the other dates referred to herein might be changed. The Offering is
expected to be priced and allocated before 09:00 CEST on 3 September 2026 (T).
The settlement in the Offering will be conducted on a normal
delivery-versus-payment basis (DVP T+2). The allocated shares in the Offering
will be tradeable on the Oslo Stock Exchange from T.
 
The Seller currently owns 32,537,608 shares in the Company, which is equal to
approx. 54.68% of the Company's outstanding shares. The Seller will enter into a
90-day customary lock-up with the Managers following the completion of the
Offering for the shares the Seller holds in the Company which are not sold as
part of the Offering.
 
The Seller remains committed to being the Company's leading long-term
shareholder with a holding representing at least negative control. The Seller
strongly believes in the unique combination carrier concept developed over
decades, as well as the underlying markets for the Company's services. From the
Seller's perspective, the Offering is intended to improve trading liquidity and
free float in the Company's shares, and to rebalance its portfolio of group
companies.
 
The Seller is represented on the Company's board of directors by the Chair of
the Board Ernst Meyer and Board member Gøran Andreassen.

The Offering has not been registered under the U.S. Securities Act of 1933, as
amended (the "U.S. Securities Act") and will be made pursuant to applicable
exemptions from the obligation to publish a prospectus in Norway as well as
exemptions from the U.S. Securities Act and the securities laws of other
applicable jurisdictions.
 
The minimum order and allocation in the Offering have been set to the NOK
equivalent of EUR 100,000. The Managers may, however, offer and allocate an
amount below the NOK equivalent of EUR 100,000 in the Offering to the extent
exemptions from prospectus requirements, in accordance with Regulation (EU)
2017/1129, are available.
 
Advokatfirmaet Schjødt AS is acting as legal counsel to the Seller in connection
with the Offering. 

IMPORTANT NOTICE

The publication or distribution or release of this announcement and the Offering
of the Offer Shares as set out in this announcement in certain jurisdictions may
be restricted by law. This announcement is for information purposes only and
shall not constitute or form part of an offer to buy, sell, issue, acquire or
subscribe for, or the solicitation of an offer to buy, sell, issue, acquire or
subscribe for any securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful. No
action has been taken that would permit an offering of such shares or possession
or distribution of this announcement or any other offering or publicity material
relating to such shares in any jurisdiction where action for that purpose is
required. Persons into whose possession this announcement comes are required to
inform themselves about, and to observe, such restrictions. Any failure to
comply with these restrictions may constitute a violation of the securities laws
of such jurisdictions.

Members of the general public are not eligible to take part in the Offering.
This announcement and any offer of securities to which it relates are only
addressed to and directed at (1) in the United Kingdom and in any member state
of the European Economic Area, persons who are qualified investors in such
member state within the meaning of the Prospectus Regulation (Regulation (EU)
2017/1129) (the "Prospectus Regulation") or in the United Kingdom within the
meaning of the Prospectus Regulation as it forms part of retained EU law by
virtue of the European Union (Withdrawal) Act 2018 ("Qualified Investors"); and
(2) in the United Kingdom, Qualified Investors who (a) are persons who have
professional experience, knowledge and expertise in matters relating to
investments and qualifying as "investment professionals" for the purposes of
article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (all such persons being referred to as "relevant persons")
and (b) only in circumstances falling within the circumstances set out in Part 1
of Schedule 1 to the Public Offers and Admissions to Trading Regulations 2024
(the "POATRs") (including, amongst other circumstances, the fact that the Offer
Shares which are the subject of the Offering are offered subject to a minimum
subscription amount per UK Applicant equivalent to at least GBP 100,000). The
information regarding the Offering set out in this announcement must not be
acted on or relied on by persons in the European Economic Area who are not
Qualified Investors or by persons in the United Kingdom who are not relevant
persons. Any investment or investment activity to which this announcement
relates is available in the European Economic Area only to Qualified Investors
and in the United Kingdom only to relevant persons and will be engaged in only
with such persons.

In particular, this announcement does not constitute or form part of any offer
to buy, sell, issue, acquire or subscribe for, or the solicitation of an offer
to buy, sell, issue, acquire, or subscribe for any securities in any
jurisdiction into which such offer or solicitation would be unlawful.

The Offer Shares have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "Securities Act"), and may not be
offered, sold or transferred, directly or indirectly, within the United States,
except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and the securities laws of any
state or other jurisdiction of the United States.

No offer and sale of Offer Shares is or will be made in Canada, except to
persons who are: (a) an "accredited investor" within the meaning of Section 1.1
of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") of the
Canadian Securities Administrators or subsection 73.3(1) of the Securities Act
(Ontario) (the "OSA"), as applicable, and is either purchasing the Offer Shares
as principal for its own account, or is deemed to be purchasing the Offer Shares
as principal for its own account in accordance with applicable Canadian
securities laws, for investment only and not with a view to resale or
redistribution; (b) such person was not created or used solely to purchase or
hold the Offer Shares as an accredited investor under NI 45-106; (c) a
"permitted client" within the meaning of National Instrument 31-103
-Registration Requirements, Exemptions and Ongoing Registrant Obligations ("NI
31-103") of the Canadian Securities Administrators; and (d) entitled under
applicable Canadian securities laws to purchase the Offer Shares without the
benefit of a prospectus under such securities laws.

The offer and sale of securities referred to herein has not been and will not be
registered under the Securities Act or under the applicable securities laws of
Australia, Canada, Japan or South Africa. Subject to certain exceptions, the
Offer Shares referred to herein may not be offered or sold in Australia, Japan
or South Africa or to, or for the account or benefit of, any national, resident
or citizen of Australia, Japan or South Africa.

No public offering of the securities referred to herein is being made in the
United Kingdom, the United States, Australia, Canada, Japan, South Africa or any
other jurisdiction.

No prospectus or offering document has been or will be prepared in connection
with the Offering. The publicly available information of the Company is not the
responsibility of, and has not been independently verified by, the Seller,
Clarksons Securities AS, Fearnley Securities AS, Pareto Securities or any of
their respective affiliates (as such term is defined under Rule 501(b) of
Regulation D of the Securities Act) (each, an "Affiliate"). The information
contained in this announcement is for background purposes only and does not
purport to be full or complete.

In connection with the Offering, Clarksons Securities AS, Fearnley Securities AS
or Pareto Securities AS or any of their Affiliates may take up a portion of the
Offer Shares as a principal position and in that capacity may retain, purchase,
sell, offer to sell for their own accounts such Offer Shares and other
securities of the Company or related investments in connection with the Offering
or otherwise. Accordingly, references to the shares being issued, offered,
subscribed, acquired, placed or otherwise dealt in should be read as including
any issue or offer to, or subscription, acquisition, placing or dealing by,
Clarksons Securities AS, Fearnley Securities AS, Pareto Securities or and any of
their Affiliates acting as investors for their own accounts. Clarksons
Securities AS and Fearnley Securities AS do not intend to disclose the extent of
any such investment or transactions other than in accordance with any legal or
regulatory obligations to do so.

Clarksons Securities AS, Fearnley Securities AS and Pareto Securities are acting
for the Seller in connection with the Offering and no-one else and will not be
responsible to anyone other than the Seller for providing for providing advice
in relation to the Offering or any other matter referred to in this
announcement.

No representation or warranty, express or implied, is or will be made as to, or
in relation to, and no responsibility or liability is or will be accepted by
Clarksons Securities AS,  Fearnley Securities AS or Pareto Securities AS or by
any of their Affiliates or agents as to, or in relation to, the accuracy or
completeness of this announcement or any other written or oral information made
available to or publicly available to any interested party or its advisers, and
any liability therefore is expressly disclaimed.

This announcement does not purport to identify or suggest the risks (direct or
indirect) which may be associated with an investment in the Company's
securities. The price of shares and the income from them may go down as well as
up and investors may not get back the full amount invested on disposal of the
shares. Acquiring Offer Shares to which this announcement relates may expose an
investor to a significant risk of losing all of the amount invested. Past
performance is no guide to future performance and persons needing advice should
consult an independent financial advisor.

This announcement does not represent the announcement of a definitive agreement
to proceed with the Offering and, accordingly, there can be no certainty that
the Offering will proceed. The Seller reserves the right not to proceed with the
Offering or to vary the terms of the Offering in any way.
dvisor.\
\
This announcement does not represent the announcement of a definitive agreement\
to proceed with the Offering and\, accordingly\, there can be no certainty that\
the Offering will proceed. The Seller reserves the right not to proceed with the\
Offering or to vary the terms of the Offering in any way.\