Mandatory notification of trade
Reference is made to previous stock exchange announcement made by American Shipping Company ASA (“AMSC”) on 20 November 2020 relating to Aker ASA's ("Aker") indirect total return swap ("TRS") agreements with financial exposure to 18,687,620 underlying shares in AMSC, equal to 30.83 per cent of the share capital in AMSC. Aker, through its wholly owned subsidiary Aker Capital AS, has today terminated said agreements. Concurrently with the termination Aker Capital AS has entered into two new TRS agreements with DNB Bank ASA ("DNB") and Skandinaviska Enskilda Banken AB ("SEB") with financial