AMSC ASA – Key information relating to the additional dividend following completion of the sale of the Jones Act business

Lysaker, October 19, 2023 – Reference is made to the announcements made earlier today regarding the completion of the sale of the Jones Act business.

The Board of Directors of AMSC ASA has today resolved, in accordance with the authorization from the AGM on 25 April 2023, to distribute a USD 170 million additional dividend as further described below.

Dividend amount: USD 2.366 per share

Declared currency: USD

USD/NOK Exchange rate: 11.0694

Dividends to be paid: NOK 26.19 per share

Last day including right: 23 October 2023

Ex-date: 24 October 2023

Record date: 25 October 2023

Payment date: On or about 1 November 2023

Date of approval: 19 October 2023

The additional dividend will be classified as a regular dividend.

Company Contacts

Pål Lothe Magnussen, +47 90 54 59 59, pm@amscasa.com

Morten Bakke, +47 90 09 55 94, mb@amscasa.com

About AMSC

Established in 2005 and listed on the Euronext Oslo Stock Exchange (ticker AMSC), AMSC owns the subsea construction vessel Normand Maximus, which is bareboat chartered to a single purpose subsidiary of Solstad Offshore ASA.

Further information is available at www.amscasa.com.

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This information is published in accordance with the requirements of the Continuing Obligations.