MPC Container Ships ASA: Repurchase and cancellation of warrants

Oslo, 3 September 2021 - 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 3,740,604 outstanding and vested warrants. Each warrant gives the right to subscribe for one MPCC share at a subscription price of USD 1.89, and the warrants are acquired by MPCC for a total consideration of USD 3,553,574, i.e. at a 3% discount to their intrinsic value based on the 10 days volume weighted average price of the MPCC shares. Shareholdings of MPC Capital and its affiliates 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 2 years by avoiding earnings dilution for existing shareholders. 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. About MPC Container Ships ASA: MPC Container Ships ASA (ticker code "MPCC") was formed in April 2017. Its main activity is to own and operate a portfolio of container ships serving intra -regional trade lanes. The Company is registered and has its business office in Oslo, Norway. For more information, please see our website: www.mpc -container.com.