Oslo, 24 July 2024

Reference is made to the recommended voluntary cash offer by SAS Shipping Agencies Services Sàrl (the "Offeror") to acquire all issued and outstanding shares (the "Shares") of Gram Car Carriers ASA ("GCC" or the "Company") at a cash consideration of NOK 263.69 per Share (the "Offer"), as further set out in the offer document dated 23 May 2024 (the "Offer Document"), and the stock exchange announcement on 24 July 2024 regarding the completion of the Offer.

The Company has issued a notice to withdraw the Shares from trading on the OTCQX® Best Market, New York, as set out in Section 5.14 (Delisting of Shares) in the Offer Document. The withdrawal of the Shares is expected to be effective from tomorrow, 25 July 2024. Consequently, the Shares will as of 25 July 2024 22:00 CEST no longer be available for trading under the ticker "GCCRF" on OTCQX® Best Market, New York.

About Gram Car Carriers

GCC is the world's third-largest tonnage provider within the Pure Car Truck Carriers (PCTCs) segment with 17 owned vessels, across the Distribution, Mid-size and Panamax segments. The Company provides vessels and logistics solutions ensuring safe and efficient shipment of vehicles for a network of clients comprising of major global and regional PCTC operators.

About the Offeror and the MSC Group

The Offeror is a wholly owned subsidiary of MSC Mediterranean Shipping Company SA (together with its subsidiaries, the "MSC Group"). The MSC Group is a private global leader in transportation and logistics founded in 1970 and headquartered in Geneva, Switzerland since 1978. It is owned and managed by the Aponte family. Despite having grown organically and through several strategic acquisitions over the past decades to become a leading transportation and logistics conglomerate, the MSC Group remains true to its core values at all times, particularly family spirit and care for its 200,000 employees. As one of the world's leading container shipping lines, the MSC Group has 675 offices across 155 countries worldwide. With access to a network of road, rail, air and sea transport resources which stretches across the globe, the MSC Group prides itself on delivering global service with local knowledge. The MSC Group's shipping line sails on more than 300 trade routes, calling at over 520 ports.

Advisors:

Fearnley Securities AS and Jefferies LLC are acting as financial advisors to the Company. Wikborg Rein Advokatfirma AS is acting as legal advisor to the Company in connection with the Offer. Capient AS is acting as investor relations and communications advisor. DNB Markets, part of DNB Bank ASA, is acting as financial advisor to the Offeror and its affiliates and receiving agent in connection with the Offer. Advokatfirmaet Thommessen AS is acting as legal advisor to the Offeror and its affiliates in connection with the Offer.

IR Contacts:

Gram Car Carriers ASA

Mas Gram, Head of Projects and IR

Telephone: +47 95 41 00 93

E-mail: ir@gramcar.com

Media Contacts:

Gram Car Carriers ASA

Jan Petter Stiff, senior adviser Capient AS

Telephone: +47 995 13 891

E-mail: jps@capientco.com

For MSC and the Offeror:

Giles Read, Global Head of Public Relations

Telephone: +41 22 703 88 88

E-mail: media@msc.com