Gram Car Carriers ASA restricts Red Sea passage

Oslo, 21 December 2023: Gram Car Carriers ASA ("GCC"), the world's third-largest
car carrier tonnage provider, prioritises the safety of its crew, cargo and
vessels.

The Company has notified charterers that its vessels are restricted from passing
through the Red Sea for the time being. This is due to the increased risk levels
in the area as reflected in the Norwegian Maritime Authority raising the
security level in the southern part of the Red Sea to the highest level.

GCC monitors the situation closely and will review and update this policy when
appropriate based on recommendations from relevant authorities.

For further information, please contact:

CEO Georg A. Whist

E-mail: [e-mail]

Head of Projects and IR Mas Gram

E-mail: [e-mail]

About Gram Car Carriers:

GCC is the world's third-largest tonnage provider within the Pure Car Truck
Carriers (PCTCs) segment with 19 owned 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.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange