Oslo, 6 September 2023: Reference is made to the warrants issued by the General
Meeting of Klaveness Combination Carriers ASA ("KCC") on 24 September 2018 with
expiry date 24 September 2023. In total 215,068 warrants have today been
exercised by Rederiaksjeselskapet Torvald Klaveness (159,377 warrants) and EGD
Shipholding AS (55,691 warrants). Rederiaksjeselskapet Torvald Klaveness is a
closely associated party of the Chair of the Board, Ernst Meyer, while EGD
Shipholding AS is a closely associated party of Board Member, Magne Øvreås.
Please see the attached forms for further details.

Exercise price adjusted for paid dividends is NOK 23.40 per share. There are no
outstanding warrants after the exercise.     

Following registration of the shares with the Norwegian Register of Business
Enterprises, the share capital of the Company will be NOK 60,458,231 divided
into 60,458,231 shares, each with a par value of NOK 1.00.

Following the exercise of the warrants EGD Shipholding AS has sold the shares to
another closely associated party of Magne Øvreås, EGD Shipping Invest AS. Please
see attached forms for further details.

After the transactions Rederiaksjeselskapet Torvald Klaveness holds 32,537,608
shares in KCC, equal to approximately 53.82%, and EGD Shipping Invest AS holds
5,860,819 shares in KCC, equal to approximately 9.69%. EGD Shipholding AS holds
no shares in KCC after the transactions.  

One PDMR form was missing in the first stock exchange notice. 

For further queries, please contact:
Liv Dyrnes, CFO, Telephone +47 976 60 561