EQS-Adhoc

MPC Capital increases shareholding in MPC Container Ships

EQS-Ad-hoc: MPC Münchmeyer Petersen Capital AG / Key word(s): Investment/Change in Forecast MPC Capital increases shareholding in MPC Container Ships 15-March-2024 / 08:19 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. DISCLOSURE OF INSIDE INFORMATION ACC. TO ARTICLE 17 MAR

MPC Capital increases shareholding in MPC Container Ships

- Increase of strategic stake in leading platform for container ships
- Purchase price of around USD 1.31 per MPCC share (EPS 2023: USD 0.73)
- Positive impact on earnings expectations for financial year 2024

Hamburg, 15 March 2024 - Hamburg-based asset and investment manager MPC Münchmeyer Petersen Capital AG ("MPC Capital", Deutsche Börse Scale, ISIN DE000A1TNWJ4) has increased its shareholding in Oslo-listed MPC Container Ships ASA ("MPCC", Oslo Stock Exchange, ISIN NO0010791353) from around 7% to around 14%.

The transaction is carried out by way of increasing MPC Capital's shareholding in MPC CSI GmbH ("MPC CSI"). MPC CSI was established in 2017 as a joint investment vehicle for the IPO of MPCC under the leadership of MPC Capital and MPC Münchmeyer Petersen & Co. GmbH, the founder and largest shareholder of MPC Capital. The purchase price for the acquisition of the shares from the selling shareholders of MPC CSI is approximately EUR 34 million and is based on a net price per MPCC share of NOK 13.60 (USD 1.31). Following the transaction, MPC CSI will own around 17% of MPCC's shares, of which around 14% will be held by MPC Capital.

With a fleet of 62 vessels, MPCC is one of the world's largest owners of container ships for intraregional trades. In the 2023 financial year, it reported operating revenues of USD 711 million and earnings per share of USD 0.73. The dividend yield in 2023 was 43%.

Regular returns from the investment are also expected for 2024 and subsequent years. Against this background, MPC Capital is increasing its earnings forecast for 2024 and now expects earnings before taxes to be slightly above the already high level of EUR 19.3 million in the 2023 financial year. Previously, MPC Capital had assumed that earnings would only be at the high level of the previous year. The forecast for consolidated revenue remains unchanged.