Oslo, 23 May 2023: Reference is made to the stock exchange announcement by
Klaveness Combination Carriers ASA ("KCC" or the "Company") on 23 May 2023
regarding the successful placing of a private placement of new shares (the
"Offer Shares") with gross proceeds of the NOK equivalent of approximately USD
50 million (the "Private Placement"). 

Rederiaksjeselskapet Torvald Klaveness has subscribed for and been allocated
4,224,000 Offer Shares.

Rederiaksjeselskapet Torvald Klaveness has entered into an agreement to lend
7,857,143 shares to DNB Markets, a part of DNB Bank ASA in order to facilitate
settlement on a delivery versus payment basis in the Private Placement.

Please see the attached forms for further details.

For additional information, please contact:

Engebret Dahm, Chief Executive Officer
Email: eda@klaveness.com  
Phone: +47 957 46 851

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.