AMSC ASA: Mandatory notification of trade

Reference is made to the announcement published by AMSC ASA (the “Company” or “AMSC”) today, 16 January 2024, regarding completion of the refinancing of Solstad Shipholding AS as further outlined in Solstad Offshore ASA’s announcements dated 16 January 2024 and 23 October 2023 (the “Refinancing”).

As part of the Refinancing, Aker Capital AS has subscribed for and acquired 190,355,330 shares in Solstad Maritime Holding AS (“SMH”), each at a price of NOK 11.82, corresponding to an ownership interest of approximately 47.4% of the shares and votes in SMH. The SMH shares are following completion of the Refinancing linked to Company’s shares, cf. the Market Abuse Regulation article 19.

Aker Capital AS’ ownership interest in the Company is unchanged and Aker Capital AS continues to hold 13,701,416 shares in the Company, corresponding to an unchanged ownership interest of approximately 19.07 % of the shares and votes in the Company. In addition, Aker Capital AS has a financial exposure provided by two swap agreements to 22,155,088 underlying shares in AMSC, equal to 30.83 per cent of the shares and votes of AMSC.

Aker Capital AS is 100% owned by Aker ASA and represented on the board of the Company by Frank Ove Reite.

Please see attached primary insider notification form pursuant to the requirements of the Market Abuse Regulation article 19.

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