Mandatory Notification of trade

AMSC ASA has today purchased 980,000 shares in Solstad Maritime Holding AS ("SMH") at a price of NOK 21.00 per share.

Following the transaction, AMSC ASA owns a total of 91,422,601 shares in SMH.

The shares in SMH are linked to the shares in Solstad Offshore ASA ("SOFF"), cf. the Market Abuse Regulation article 19.

AMSC ASA is a person closely associated with SOFF's board member Frank Ove Reite. Frank Ove Reite also owns 356,509 shares in SOFF and 356,509 shares in SMH, through Fausken Invest AS.

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.