AMSC ASA - Director's Dealing 2017

American Shipping Company ASA : Primary insider disclosure

4 April 2017 - MB Capital AS, a company controlled by Morten Bakke,CFO of

American Shipping Company ASA ("AMSC" or the "Company"), has today acquired

25,000 shares in AMSC from the Company. The price per share was NOK 22.64, a

total consideration of NOK 566,000, 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 as part of the incentive scheme for the

Company's employees, as announced in a stock exchange notice of 29 March, 2017.

Following the transaction, the Company holds 0 treasury shares and MB Capital AS

holds a total of 25,000 shares in AMSC, constituting approximately 0.04% 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.

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