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AMSC ASA Capital/Financing Update 2016

Nov 2, 2016

Capital/Financing Update

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American Shipping Company ASA : Notice from Bondholders' Meeting

Reference is made to the press release of 25 October 2016, summons to

bondholders' meeting.

The bondholders' meeting has now been held and please see enclosed notice form

bondholders' meeting.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.