AMSC ASA - Director's Dealing 2015

American Shipping Company ASA : Primary insider disclosure

19 January 2015 - Pål Magnussen, the CEO of American Shipping Company ASA

("AMSC" or the "Company"), has today acquired 20,000 shares in AMSC from the

Company. The price per share was NOK 27.20, a total consideration of NOK

544,000, which constitutes today's closing price, less a price reduction of 20%

to compensate for the lock-up restrictions on the shares for a period of three

years.

The acquisition was carried out in accordance with the share purchase agreement

entered into between the Company and the CEO on 9 January 2015, as announced in

a stock exchange notice as of the date thereof.

Following the transaction, Pål Magnussen holds a total of 20,000 shares in AMSC,

constituting approximately 0.03% of the Company's shares and votes.

***

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1888103]

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