NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, HONG KONG,
SOUTH AFRICA OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL. 

Oslo - 28 February 2023.

EGD Shipping Invest AS which is 100% owned by EGD Shipholding AS (the "Seller")
has retained Clarksons Securities AS and DNB Markets, a part of DNB Bank ASA
(the "Managers") to explore a potential block sale of existing shares in
Klaveness Combination Carriers ASA (the "Company" or "KCC") through a private
placement (the "Offering").

The Seller is contemplating selling up to 3,000,000 shares in the Company (equal
to approx. 5.7% of the Company's outstanding shares). The Seller reserves the
right, at its sole discretion, to sell fewer shares or no shares at all. The
price in the Offering will be set through an accelerated bookbuilding process.

The application period in the Offering will commence immediately (28 February
2023) and will close on 1 March 2023 at 08:00 CET. 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
allocated before 09:00 CET on 1 March 2023 (T). The settlement in the Offering
will be conducted on a normal delivery-versus-payment basis (DVP T+2).

The Seller currently holds 8,805,128 shares in the Company (equal to approx.
16.81% of the Company's outstanding shares). In addition, the Seller's parent
company, EGD Shipholding AS, holds 55,691 warrants issued by the Company, each
of which entitle the holder to subscribe one new share in the Company at a
subscription price of NOK 44.38 per share. If the demand in the Offering is
satisfactory, the Seller may hold 5,805,128 shares after the transaction. EGD
Shipholding AS will continue to hold 55,691 warrants issued by the Company. The
Seller will enter into a 90-day customary lock-up with the Managers following
completion of the Offering for any of the shares the Seller currently holds in
the Company which are not sold as part of the Offering.

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.

The Seller is represented on the Company's board of directors by Magne Øvreås.

For more information about the Offering please contact one of the Managers:

Clarksons Securities AS: +47 22 01 63 01
DNB Markets, a part of DNB Bank ASA: +47 24 16 90 20

IMPORTANT NOTICE:

The distribution of this announcement and the offer and sale of the shares in
certain jurisdictions may be restricted by law. The shares may not be offered to
the public in any jurisdiction in circumstances which would require the
preparation or registration of any prospectus or offering document relating to
the shares in such jurisdiction. No action has been taken by the Managers or any
of their affiliates that would permit an offering of the shares or possession or
distribution of this announcement or any other offering or publicity material
relating to such securities 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 any such restrictions. Any failure to
comply with these restrictions may constitute a violation of the securities laws
of any such jurisdiction.

This press release is for information purposes only and does not constitute or
form a part of an offer to sell or a solicitation of an offer to purchase any
security of the Company in the United States or in any other jurisdiction where
such offer or solicitation is unlawful. The securities of the Company described
in this press release have not been and will not be registered under the U.S.
Securities Act of 1933 as amended, or any applicable state or foreign securities
laws and may not be offered or sold in the United States absent registration or
an exemption from the registration requirements of the U.S. Securities Act of
1933 as amended. There will be no public offering of securities in the United
States.