Trading/Position Notification

This notification is made according to sections 4-1 and 4-3 of the Act on Securities Trading (Securities Trading Act).

As a result of an increase in the shares outstanding of MPC Container Ships ASA (ticker: MPCC) on February 21, 2020, The Mangrove Partners Master Fund, Ltd. ownership percentage fell below 5%. As at close of business on February 21, 2020, The Mangrove Partners Master Fund, Ltd. held the following position in MPCC:

4,326,807 shares, representing 4.73% of the issued share capital.