Euronext N : Gram Car Carriers transfers to the Oslo Børs main market

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Gram Car Carriers transfers to the Oslo Børs main market

• 13th transfer between Oslo Børs markets this year
• Brings the total number of companies listed on Oslo Børs main market to 214
• Market capitalisation of approximately NOK 4.5 billion

Oslo - 15 December 2022 - Oslo Børs, part of the Euronext Group, today congratulates Gram Car Carriers (ticker: GCC) on its transfer from Euronext Growth Oslo to the Oslo Børs main market. This is the 13th transfer this year and the 31st since the beginning of 2020 between the markets at Oslo Børs. This illustrates that the Growth market is fulfilling its intended aim, providing growth companies with access to capital for further development and helping them progress to a listing on the main market.

Gram Car Carriers is a tonnage supplier to the world's operators of seaborne vehicle transportation. Over the last decade, the company has grown to be the third-largest car carrier in the world with modern fuel-efficient vessels and logistics solutions, enabling accurate and safe shipment.

At opening, the share price was set at NOK 152.42 per share, based on the closing price on Euronext Growth Oslo 14 December 2022. This corresponds to an estimated market capitalisation of NOK 4.5 billion.

Georg A. Whist, the CEO of Gram Car Carriers, said: "Today's listing on Oslo Børs is an important milestone for GCC as we execute on our strategy as a leading owner of modern car carriers. We started trading on Euronext Growth in January 2022, positioned to capture a historically strong market and a plan to re-charterour fleet at higher rates, pay dividends and uplist to Oslo Børs during the year. Since then, we have built a record revenue backlog with long contract durations, delivered strong earnings growth, and distributed capital to shareholders in three consecutive quarters in line with policy."

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Caption: Georg A. Whist, CEO of Gram Car Carriers, rang the bell this morning to celebrate the company's listing on the Oslo Børs main market. They were welcomed by Eirik Høiby Ausland, Head of Listing Nordics at Oslo Børs (Photo: Chris Fey/ NTB).

Overview of transfers 2017-2022 (per 15.12.22)

			Transfers
	Expand to Oslo Børs		Growth to Oslo Børs		Growth to		Total
			Expand
2017	3	1	1	5
2018	6	0	1	7
2019	1	0	1	2
2020	3	2	0	5
2021	3	10	0	13
2022	2	9	1	12

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About Gram Car Carriers

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Gram Car Carriers is a shipping company specialising in Pure Car Truck Carriers with 18 vessels to suit all seaborne vehicle transportation, focused on providing a modern and efficient varied fleet. As the world's third-largest tonnage provider, and with nearly 40 years of experience, the Gram Car Carriers group charters to major global and key regional operators. The group is focused on environmental, social and governance (ESG) performance, and will measure, manage and report on ESG topics.

About Euronext

Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 2,000 listed issuers and around €5.7 trillion in market capitalisation as of end September 2022, it has an unmatched blue chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe's leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs. For the latest news, go to euronext.comor follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

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