American Shipping Company ASA - Ex dividend today

Lysaker, 29 August 2022

Reference is made to the Company's Q2 2022 report, regarding the Board's authorization to pay a quarterly dividend of USD 0.12 per share to the shareholders of AMSC on record as of 30 August 2022.  The shares in American Shipping Company ASA will be traded ex dividend USD 0.12 as from today, 29 August 2022.  The NOK amount per share will be 1.1592 and will be paid on or about 7 September 2022.  The dividend is classified as a return of paid in capital.

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About American Shipping Company ASA:

Established in 2005 and listed on the Euronext Oslo Stock Exchange, AMSC is a ship owning company with nine modern handy size product tankers, one modern handy size shuttle tanker and one subsea construction vessel on bareboat charters with various counterparties. AMSC has a significant contract backlog, as well as profit sharing agreements with Overseas Shipholding Group, Inc. and Keystone Shipping Co., which offers visibility with respect to future earnings and potential dividend capacity. The Company has an ambition to pay attractive dividends to its shareholders. Further information is available at www.americanshippingco.com.

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