AMSC ASA: Mandatory notification of trade

Reference is made to the announcement published by Solstad Offshore ASA on 12 June 2024 regarding the result of the offering of shares (the “Offering”) in Solstad Maritime Holding AS (“SMH”), which was fully underwritten by Aker Capital AS (“Aker Capital”).

Aker Capital, close associate of Frank Ove Reite, board member in AMSC ASA (“AMSC”), has pursuant to the underwriting agreement today subscribed for 5,095,519 shares in SMH, at the subscription price of NOK 11.82 per share. The shares in SMH are linked to AMSC’s shares, cf. the Market Abuse Regulation article 19.

Following the completion of the Offering, Aker Capital owns 13,701,416 shares in AMSC and 195,450,849 shares in SMH. Aker Capital also has a financial exposure provided by two swap agreements to 22,155,088 underlying shares in AMSC. In addition, Frank Ove Reite owns through Fausken Invest AS 356,509 shares in SMH, and AMSC ASA owns 90,442,601 shares in SMH.

Please see attached primary insider notification form pursuant to the requirements of the Market Abuse Regulation article 19. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.