Key information relating to the cash dividend to be paid by Gram Car Carriers ASA

Reference is made to the stock exchange notice by Gram Car Carriers ("GCC") on 21 April 2023, regarding the board's intention to resolve a distribution of dividend in the amount of USD 0.22 per share, in total approximately USD 6.56 million, equal to approximately NOK 69.99 million, based on GCC's results for Q1 2023. The resolution has been made by use of the authorization granted by the annual general meeting on 12 May 2023. The company's annual accounts for 2022 together with the auditor's statement are available on GCC's website, https://gramcar.com/.

Dividend amount: NOK 2.39 per share, equivalent to approx. USD 0.22 per share

Announced currency: NOK*

Last day including right: 16 May 2023

Ex-date: 19 May 2023

Record date: 22 May 2023

Payment date: On or about 23 May 2023

Date of approval: 15 May 2023

*The NOK equivalent has been based on the USD/NOK FX rate of 10.6690 as of 15 May 2023

The distribution shall constitute a repayment of the Company's paid-in capital.

For further information, please contact:

CFO: Gunnar S. Koløen

Telephone: +65 9176 6661

E-mail: gunnar.koloen@gramcar.com

Head of Projects and IR: Mas Gram

Telephone: +47 954 10 093

E-mail:  mas.gram@gramcar.com

About Gram Car Carriers:

GCC is the world's third-largest tonnage provider within the Pure Car Truck Carriers (PCTCs) segment with 18 vessels, across the Distribution, Mid-size and Panamax segments. The Company serves as a trusted provider of high-quality vessels and logistics solutions ensuring safe, efficient and punctual shipment of vehicles for a network of clients comprising of major global and regional PCTC operators. To lean more, please visit gramcar.com.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

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