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Marks Inaugural Entry into US Unsecured Market London - July 14, 2021 Seaspan Corporation ("Seaspan"), a wholly-owned subsidiary of Atlas Corp. ("Atlas") (NYSE: ATCO), today announced that it has successfully closed its previously announced issuance of $750 million in senior unsecured notes (the "Notes"), upsized from the original offering size of $500 million. The Notes will mature in 2029 and will accrue interest payable semiannually at a rate of 5.50% per year. Seaspan intends to allocate the net proceeds of the offering to acquire, finance or refinance, in whole or in part, certain new and/or existing eligible projects consistent with Seaspan's Blue Transition Bond Framework. The transaction furthers Seaspan's sustainability efforts, advances Seaspan's sustainability-linked capital structure, and adds liquidity to support additional growth opportunities. Bing Chen, Chairman, President and CEO of Seaspan, commented, "This transaction, highlighted by the 50% upsizing of the offering, demonstrates the growing confidence of institutional investors and rating agencies. Our achievements and prospects further accelerate us as the industry leader with solid financial strength, disciplined capital allocation, consistent operational excellence, creative customer partnerships and quality growth. I am proud of our team's hard work and focus on delivering sustainable value creation for customers and investors." Graham Talbot, CFO of Seaspan, commented, "Closing of this offering marks another major milestone in the evolution of Seaspan's capital structure and reflects Seaspan's growing access to the global capital markets. In the last twelve months, we have issued inaugural unsecured credit offerings in three different markets, making significant progress on our communicated path to investment grade. Our financial strength has allowed Seaspan to take advantage of significant recent growth opportunities and deliver dependable and consistent returns to our credit and equity investors, while maintaining a prudent balance sheet." The Notes are being issued in connection with Seaspan's Blue Transition Bond Framework, which is designed to align with the guidelines presented by the International Capital Market Association's Green Bond Principles 2021 ("GBP") and is informed by Climate Transition Finance Handbook 2020 ("CTFH"). The GBP are voluntary process guidelines for best practices in financial instruments that enable capital-raising and investment for new and existing projects with intended environmental benefits. The CTFH acts as additional guidance for issuers raising funds for transition-related purposes. Through the issuance of Blue Transition Bonds, Seaspan intends to showcase its efforts to improve the environmental performance of its fleet and contribute to the path towards decarbonization of its industry. About Atlas Atlas is a leading global asset management company, differentiated by its position as a best-in-class owner and operator with a focus on deploying capital to create sustainable shareholder value. Atlas brings together an experienced asset management team with deep operational and capital allocation experience. We target long-term, risk adjusted returns across high-quality infrastructure assets in the maritime sector, energy sector and other infrastructure verticals. Our two portfolio companies, Seaspan Corporation and APR Energy Ltd. are unique, industry-leading operating platforms in the global maritime and energy spaces, respectively. For more information visit atlascorporation.com About Seaspan Seaspan is a leading independent owner and operator of containerships. We charter our vessels primarily pursuant to long-term, fixed-rate time charters to the world's largest container shipping liners. At March 31, 2021, Seaspan's fleet consisted of 127 containerships representing total capacity of approximately 1,073,200 TEU. With the delivery of four second-hand vessels subsequently announced, Seaspan's operational fleet consists of 131 vessels with a total capacity of 1,120,200 TEU. We also have 55 vessels under construction, increasing total capacity to 1,854,200 TEU, on a fully delivered basis. For more information visit seaspancorp.com Seaspan Corporation press release 
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