NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE HONG
KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN,
OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL.
Athens, Greece, 17 March 2026: Reference is made to the announcements by Capital
Tankers Corp. ("Capital Tankers" or the "Company") on 27 February 2026 regarding
the successful private placement with a total transaction size of approx. NOK
4.8 billion (the "Private Placement") and the announcement on 17 March 2026
regarding the first day of trading in the Company's shares on Euronext Growth
Oslo today, 17 March 2026 (the "Listing").
Pareto Securities AS (the "Stabilisation Manager") may, on behalf of the
Managers (as defined below), engage in stabilisation activities in the Company's
shares (the "Shares") from today (17 March 2026) to and including 15 April 2026
(the "Stabilisation Period"). Any stabilisation activities will be aimed at
supporting the market price of the Shares.
In connection with the Private Placement, the Managers have over-allotted
4,650,000 Shares (the "Additional Shares") to applicants in the Private
Placement, which equals approx. 15% of the new Shares allocated to applicants in
the Private Placement (excluding the Additional Shares). In order to permit the
delivery in respect of the over-allotments made, the Stabilisation Manager has,
on behalf of the Managers, borrowed a number of existing Shares equal to the
number of Additional Shares from Capital Maritime & Trading Corp. (the "Share
Lender"), which will be redelivered to the Share Lender after expiry of the
Stabilisation Period.
Further, the Company has granted the Stabilisation Manager, on behalf of the
Managers, an option to require the Company to issue up to 4,650,000 new Shares
in the Company (the "Greenshoe Option") at a price per share equal to the offer
price in the Private Placement of NOK 134 (the "Offer Price"). The Stabilisation
Manager may use the Greenshoe Option to close out short positions resulting from
over-allotments made as part of the Private Placement and only to the extent
such short positions have not been closed out by Shares purchased by the
Stabilisation Manager when conducting stabilisation activities. The Greenshoe
Option is exercisable, in whole or in part, by the Stabilisation Manager, on
behalf of the Managers, during the Stabilisation Period.
The Stabilisation Manager may effect transactions with a view to support the
market price of the Shares at a level higher than what might otherwise prevail,
through buying Shares in the open market at prices equal to or lower than the
Offer Price. There is no obligation on the Stabilisation Manager to conduct
stabilisation activities and there is no assurance that stabilisation activities
will be undertaken. Such stabilisation activities, if commenced, may be
discontinued at any time, and will be brought to an end at the latest at the end
of the Stabilisation Period.
Any net profit generated from any stabilisation activities conducted by the
Stabilisation Manager during the Stabilisation Period shall be for the benefit
of the Company.
If stabilisation activities are undertaken, the Company will publish information
on the activities no later than seven trading days following such
transaction(s). Further, within one week after the end of the Stabilisation
Period, the Company will publish information as to whether or not stabilisation
activities were undertaken. If stabilisation activities were undertaken, the
statement will also include information about: (i) the total amount of Shares
sold and purchased