MPC Container Ships ASA publishes FY 2019 Annual Report

Oslo, 24 March 2020 - MPC Container Ships ASA (the "Company", together with its subsidiaries the "Group") today published its FY 2019 Annual Report, including the Company’s Corporate Social Responsibility Statement, Corporate Governance Report and Sustainability Report as separate sections.

• Total revenue was USD 184.7 million in FY 2019 (FY 2018: USD 183.5 million).
• EBITDA was USD 25.3 million in FY 2019 (FY 2018: USD 45.3 million).
• Average time charter equivalent ("TCE") was USD 8,885 per day in FY 2019 (FY 2018: USD 9,911 per day).
• Cash and cash equivalents stood at USD 40.2 million as of 31 December 2019. As of the same date, the Group has an equity ratio of 57.2% and a leverage ratio of 38.9%.

As at 31 December 2019, the Group has acquired and taken over 68 container vessels, whereof 60 are fully owned and 8 are operated in a joint venture.

The FY 2018 Annual Report is 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.

For further queries, 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 with a focus on the feeder segment between 1,000 and 3,000 TEU. The Company is registered and has its business office in Oslo, Norway. For more information, please see our webpage: www.mpc-container.com.