MPC Container Ships ASA publishes FY 2020 Annual Report and FY 2020 ESG Report

Oslo, 26 March 2021 – MPC Container Ships ASA (the "Company", together with its subsidiaries the "Group") today published its FY 2020 Annual Report, including the Company’s Corporate Social Responsibility Statement and Corporate Governance Report as separate sections. Furthermore, the Company’s FY 2020 ESG Report has been published as a separate document.

• Total revenue was USD 171.9 million in FY 2020 (FY 2019: USD 184.7 million).
• EBITDA was USD 16.2 million in FY 2020 (FY 2019: USD 25.3 million).
• Average time charter equivalent ("TCE") was USD 8,102 per day in FY 2020 (FY 2019: USD 8,885 per day).
• Cash and cash equivalents stood at USD 39.3 million as of 31 December 2020. As at the same date, the Group has an equity ratio of 56.5% and a leverage ratio of 40.8%.

As at 31 December 2020, the Group has acquired and taken over 65 container vessels, whereof 57 are fully owned and 8 are operated in a joint venture.

The FY 2020 Annual Report and the FY 2020 ESG Report are attached hereto and made available on the Company's webpage www.mpc-container.com.

The above information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Further information and contact:

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.