AMSC ASA - Director's Dealing 2023

Mandatory notification of trade

Reference is made to previous stock exchange announcement made by AMSC ASA

("AMSC") on 22 November 2022 relating to Aker ASA's ("Aker") indirect total

return swap ("TRS") agreements with financial exposure to 22,155,088 underlying

shares in AMSC, equal to 30.83 per cent of the share capital in AMSC. Aker,

through its wholly owned subsidiary Aker Capital AS, has today terminated said

agreements. Concurrently with the termination Aker Capital AS has entered into

new TRS agreements with DNB Bank ASA ("DNB") and Skandinaviska Enskilda Banken

AB ("SEB") with financial exposure to 11,268,761 and 10,886,327 underlying

shares in AMSC respectively. The expiry date of the new TRS agreements has been

set to 6 December 2024. The swap prices for the contracts with DNB and SEB are

NOK 28.0788 and NOK 28.1064 per share respectively.

Following the above transactions, Aker Capital AS has a financial exposure to

22,155,088 underlying shares in AMSC, equal to 30.83 per cent of the shares and

votes of AMSC.

In addition to the financial exposure provided by the abovementioned two swap

agreements, Aker Capital AS holds 13,701,416 shares in AMSC, equaling 19.07 per

cent of the shares and votes of AMSC.

Please see attachment for more information regarding the transactions in

accordance with Regulation EU 596/2014 ("MAR") article 19.

The information contained herein is subject to the disclosure requirements of

section 4-2 and section 5-12 of the Norwegian Securities Trading Act.

AI assistant