Oslo, Norway - MPC Container Ships ("MPCC" or the "Company") is pleased to
announce strategic measures aimed at further optimizing its portfolio and
enhancing its fleet composition, thereby strengthening the Company's backlog and
improving earnings visibility.

With reference to the stock exchange announcement on 23 September 2024, the
Company will acquire four 3,800 TEU wide beam eco-design vessels at a total
price of USD 180 million. The vessels are expected to be handed over from their
current owner in the fourth quarter of 2024, and will continue to run under
their current charter agreements until Q2 2025. Thereafter, the vessels will
enter into a new pre-agreed 35-month time charter contracts, plus 12 months
option, with a top-tier liner company. These vessels are anticipated to generate
aggregate revenues of approximately USD 150 million over the firm charter
period. Under the agreed charters, the new vessels are expected to generate
EBITDA between USD 110-120 million. Subject to successful completion of the
transactions, the acquisition is intended to be funded through a conservative
mix of equity and debt, where the debt shall be covered by the associated EBITDA
backlog.

Separately, the Company has agreed on new 24-26-month charter contracts for AS
Anne and AS Pamela. These contracts are fixed approximately 3 months forward on
average, and the vessels will be delivered into their new charters during the
fourth quarter of 2024 and the first quarter of 2025.

In total, the new charter agreements, including the newly acquired vessels, are
expected to add approximately USD 200 million to the Company's revenue backlog
and increase contract coverage to 99% of open days remaining in 2024, 81% in
2025, and 50% in 2026.

The acquisition enhances MPCC's leading position in the container shipping
industry, enabling the Company to seize market opportunities, increase
profitability, and deliver sustainable shareholder value as the new vessels are
also accretive to earnings per share (EPS) and dividends per share (DPS) from
handover.

"The acquisition of the four 3,800 TEU wide-beam eco-design vessels is a
continuation of our selective fleet renewal strategy."  said MPCC's CEO,
Constantin Baack. "The transaction underscores our strong competitive position
and our ability to acquire attractive vessels and secure long-term employment
with top-tier liner companies. This not only strengthens our partnership with a
leading industry player, but it also enhances our revenue visibility,
contributing to our long-term growth and shareholder value creation."

For more information, contact:
[email protected]

About MPC Container Ships ASA:
MPC Container Ships ASA (ticker code "MPCC") is a leading provider of container
tonnage, focusing on small to mid-size container ships. The Company owns and
operates a portfolio of vessels serving intra-regional trade lanes on fixed-rate
charters. The Company is registered and has its business office in Oslo, Norway.
For more information, please visit www.mpc-container.com.