American Tanker Inc.

Fourth quarter results

Fri, Feb 12, 2021 08:00 CET

Lysaker, 12 February 2021, American Shipping Company ASA (“AMSC” or the “Company”) announces results for fourth quarter ending 30 December 2020. HIGHLIGHTS · Stable Q4 financial performance with bareboat revenue of USD 22.2 million, normalized EBITDA of USD 22.2 million and adjusted net profit of USD 4.9 million · Backlog of secured bareboat revenue of USD 235 million with average weighted tenor of 2.7 years · Declared Q4 dividend of USD 0.10 per share, backed by the Company’s free cash flow · Subsequent to year-end, the USD 200 million senior unsecured bond was listed on

American Shipping Company ASA - American Tanker, Inc.: Call notice for outstanding bonds

Thu, Jul 02, 2020 15:17 CET

American Tanker, Inc ("ATI"), an indirectly wholly owned subsidiary of American Shipping Company ASA (OSE:AMSC, OTCQX:ASCJF) has today sent a call notice to Nordic Trustee AS as bond trustee for the AMTI01 bonds to redeem all outstanding bonds. Notice from Nordic Trustee is attached and outstanding bonds will be redeemed on 17[th] July 2020. AMSC contacts: Pål Magnussen, Chief Executive Officer +47 24 13 00 04 Morten Bakke, Chief Financial Officer +47 24 13 00 87 ATI Contact: Leigh Jaros, President & Chief Executive Officer +1 484 880 3741

American Shipping Company ASA - American Tanker, Inc.: Successful close of USD200m bond issue

Wed, Jun 17, 2020 18:52 CET

Lysaker, 17 June 2020 Reference is made to the press release dated 11 June 2020 by American Tanker, Inc ("ATI"), an indirectly wholly owned subsidiary of American Shipping Company ASA (OSE:AMSC, OTCQX:ASCJF) in relation to its engagement of financial advisors to explore options to refinance its outstanding USD 220 million bond. ATI has today successfully completed the placement of a USD 200 million senior unsecured bond among Nordic and International investors. The new bond issue has a coupon of 7.75% and a tenor of 5 years. The net proceeds will be used to refinance the outstanding