MPC CONTAINER SHIPS ASA Oslo ,21 January 2022 -MPC Container Ships ASA ("MPCC" or the "Company") announces that it has agreed with MPC Capital Beteiligungsgesellschaft mbH& Co. KG to settle, by way of repurchase and cancellation, a total number of 1,870,302 outstanding and vested warrants. Each warrant gives the right to subscribe for one MPCC share at a subscription price ofUSD 1.89 , and the warrants are acquired by MPCC for a total consideration ofUSD 2,219,481 , i.e. at a 3% discount to their intrinsic value based on the 10 days volume weighted average price of the MPCC shares. Shareholdings ofMPC Capital and its related parties in MPCC remain unchanged following the transaction. By repurchasing and cancelling these warrants, no new shares will be issued. The repurchase price is expected to be overcompensated in less than 1.5 years by avoiding dilution of existing shareholders. Following the cancellation of the warrants, there are no longer any outstanding warrants relating to MPCC shares. The above information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. For further information, please contact ir@mpc-container.com. AboutMPC Container Ships ASA :MPC Container Ships ASA (ticker code "MPCC") is a leading container tonnage provider with a focus on the feeder segment below 5,000 TEU. Its main activity is to own and operate a portfolio of container ships serving intra-regional trade lanes on fixed-rate charters. The Company is registered and has its business office inOslo, Norway . For more information, please see our website: www.mpc-container.com.
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