GCC - Postpones Initial Public Offering

Gram Car Carriers ASA ("GCC" or the "Company"), a leading provider of tonnage
within the Pure Car Truck Carrier ("PCTC") segment, has decided to postpone its
Initial Public Offering (the "IPO") as announced on 1 November 2021. The IPO has
attracted significant interest from investors, but the Company, in consultation
with its financial advisors, has decided not to complete the IPO on the basis of
the prevailing conditions in the primary issue market. Further information will
be announced if and when relevant.

For further information, please contact:

CEO Georg A. Whist

Telephone: +47 41 60 16 81

E-mail: georg.whist@gramcar.com