AMSC ASA — AGM Information 2014

Nov 5, 2014

American Shipping Company ASA : Notice of Extraordinary General Meeting

American Shipping Company ASA : Notice of Extraordinary General Meeting

The shareholders in American Shipping Company ASA (the "Company") are invited to

attend an extraordinary general meeting to be held on Monday December 1, 2014 at

11:00 a.m. (CET) at Advokatfirmaet BA-HR DA, Tjuvholmen Allé 16, 0252 Oslo,

Norway.

Please find attached the notice of the general meeting and accompanying

documents. The documents will also be made available on the Company's webpage at

www.americanshippingco.com.

***

About American Shipping Company ASA:

AMSC is a shipowning company with ten modern handy size product tankers on long

term bareboat charter with Overseas Shipholding Group (OSG). OSG charters the

vessels out on time charters to major oil companies in the U.S. coastwise Jones

Act trade. AMSC has a significant contract backlog as well as a profit sharing

agreement with OSG which offers visibility with respect to future earnings and

potential dividend capacity. The Company has an ambition to pay attractive and

growing dividends to its shareholders.

Contacts at American Shipping Company ASA:

Dag Fasmer Wittusen, CEO

Oslo, Norway

Tel: +47 916 300 02

Pål Magnussen, CFO

Oslo, Norway

Tel: +47 905 45 959

Leigh Jaros, Business Controller/Finance Manager

Pennsylvania, USA

Tel: +1 (484) 880- 3741

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1868953]