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American Shipping Company ASA: Primary Insider Disclosure

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Annette Malm Justad, chairman of the board of directors in American Shipping Company ASA (the “Company”), has today executed an internal reorganization of the ownership to her shares in the Company. Alama AS, a company controlled by Justad, has sold 4,523 shares in the Company to her wholly owned company Homlungen AS at a purchase price of NOK 28.95 per share.

Following this transaction, Annette Malm Justad still holds, through her wholly owned company Homlungen AS, 4,523 shares in the Company, constituting 0,001 % of the Company’s shares and votes.

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This information is subject of the disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.

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