AMSC ASA — AGM Information 2023

Oct 3, 2023

AMSC ASA - Minutes from extraordinary general meeting 3 October 2023

AMSC ASA - Minutes from extraordinary general meeting 3 October 2023

The extraordinary general meeting of AMSC ASA was held today as a digital

meeting with online participation. All resolutions were made in accordance with

the proposals set out in the meeting notice.

The minutes of the meeting are attached in Norwegian and English and are also

available on www.amscasa.com. Enclosed please also find the presentation from

the extraordinary general meeting.

Company contacts:

Pål Magnussen, Chief Executive Officer

+47 24 13 00 04

Morten Bakke, Chief Financial Officer

+47 24 13 00 87

Leigh Jaros, Controller

+1 484 880 3741

About AMSC ASA:

Established in 2005 and listed on the Euronext Oslo Stock Exchange (ticker

AMSC), AMSC is a ship owning company with nine modern handy size product

tankers, one modern handy size shuttle tanker and one subsea construction vessel

on bareboat charters with various counterparties. AMSC has a significant

contract backlog, as well as profit sharing agreements, which offers visibility

with respect to future earnings and potential dividend capacity. Following

completion of the sale of all shares in American Tanker Holding Company, Inc,

the only remaining vessel of the group will be the subsea construction vessel

Normand Maximus, which is chartered to a single purpose subsidiary of Solstad

Offshore ASA.

AMSC's ambition to pay attractive dividends to its shareholders remains after

completion of the transaction. Further information is available at

www.amscasa.com.