AMSC ASA - Director's Dealing 2016

American Shipping Company ASA : Primary insider disclosure

27 January 2016 - Pål Magnussen, the CEO of American Shipping Company ASA

("AMSC" or the "Company"), has today acquired 30,000 shares in AMSC from the

Company. The price per share was NOK 19.44, a total consideration of NOK

583,200, 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 as part of the incentive scheme for the

Company's employees, as announced in a stock exchange notice of January

18, 2016.

Following the transaction, the Company holds 0 treasury shares and Pål Magnussen

holds a total of 50,000 shares in AMSC, constituting approximately 0.08% 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#1981746]

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