AMSC ASA — Director's Dealing 2014

Jun 16, 2014

American Shipping Company ASA : CORRECTION OF PRIMARY INSIDER DISCLOSURE

American Shipping Company ASA : CORRECTION OF PRIMARY INSIDER DISCLOSURE

Reference is made to the previous stock exchange announcement of today 16 June

2014, issued by Converto Capital Fund AS ("CCF"), a subsidiary of Aker ASA,

relating to the entry into of a TRS agreement with financial exposure 4,005,100

shares in American Shipping Company ASA ("AMSC"), equal to 6.61 per cent of the

share capital of AMSC. The correct number of shares held by CCF is 11,557,022,

equaling 19.07 per cent of the shares and votes of AMSC.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1793445]