Oslo, 30 June 2023: Klaveness Combination Carriers ASA ("KCC" or the "Company")
releases a sustainability linked financing framework (the "Framework") linked to
the Company's carbon intensity reduction ambitions and announces the completion
of a USD 190 million sustainability linked facility refinancing, the first
financing facility completed under the Framework. KCC signed its first
sustainability-linked bank loan in mid-2020, making it the first
sustainability-linked bank debt facility in Norwegian shipping. After the
current refinancing, KCC's entire mortgage debt portfolio is
sustainability-linked, further cementing the Company's position as a leader in
decarbonization of deep-sea shipping.

Sustainability-linked financing framework
The Framework is developed in accordance with the Sustainability-Linked Bond
Principles established by the International Capital Markets Association, and the
Sustainability Linked Loan Principles established by the Loan Market
Association. Under the Framework, KCC may issue both bonds and bank loans.

The Framework is linked to the Company's carbon intensity reduction targets
defined as CO2 emissions per ton of transported cargo per nautical mile, also
called the Energy Efficiency Operational Indicator ("EEOI"). The ambition is to
reduce the EEOI from 7.6 in 2018 to 5.3 by year-end 2026 and further to 4.1 by
year-end of 2030, which implies an approximate 46% reduction by year-end 2030
compared to 2018.

DNV has provided a second party opinion ("DNV SPO") of the Framework.

The Framework and the DNV SPO is published on www.combinationcarriers.com under
the Investor Relation pages.

Completion of the USD 190 sustainability linked facility
The mentioned USD 190 million facility is provided by DNB Bank, Skandinaviska
Enskilda Banken, Sparebank 1 SR-Bank and Sparebanken Vest as Mandated Lead
Arrangers, DNB Bank as Agent and Skandinaviska Enskilda Banken as Sustainability
Coordinator. The facility is a 50/50 revolving credit facility/term loan
facility. The refinancing released ~USD 38 million in additional capacity based
on the drawn and undrawn amounts under the existing facilities and has a tenor
of approximately 5 years and is repaid on a close to 18-years average age
adjusted profile. It bears interest of Term SOFR + 2.1% and the margin will be
adjusted up or down on an annual basis based on KCC's EEOI performance in
relation to the trajectory in the Framework.   


For additional information, please contact: 

Liv Dyrnes, Chief Financial Officer
Email: lhd@klaveness.com  
Phone: +47 976 60 561

About Klaveness Combination Carriers ASA
KCC is the world leader in combination carriers, owning and operating eight CABU
and eight CLEANBU combination carriers. KCC's combination carriers are built for
transportation of both wet and dry bulk cargoes, being operated in trades where
the vessels efficiently combine dry and wet cargoes with minimum ballast.
Through their high utilization and efficiency, the vessels emit up to 40% less
CO2 per transported ton compared to standard tanker and dry bulk vessels in
current and targeted combination trading patterns.