AMSC ASA — Earnings Release 2024

Feb 12, 2025

AMSC ASA - Fourth Quarter 2024 Results

AMSC ASA - Fourth Quarter 2024 Results

Lysaker, 12 February 2025, AMSC ASA ("AMSC" or the "Company") announces results

for the fourth quarter ending 31 December 2024.

HIGHLIGHTS:

· Announced a special dividend of NOK 3.9255 per share to be classified as

return of paid in capital.

· Announced intention to distribute Solstad Maritime shares in conjunction

with a Solstad Maritime stock exchange listing.

· Announced intention to liquidate and delist AMSC once distribution of

Solstad Maritime shares is completed.

· Net profit for the period of NOK 329.0 million.

· Expect to receive NOK 45.7 million in dividends from Solstad Maritime during

Q1 2025.

AMSC CEO, Pål Lothe Magnussen comments, "We are pleased to see Solstad Maritime

moving towards a listing on Oslo Stock Exchange and believe AMSC shareholder

value is maximized by giving our shareholders direct ownership in Solstad

Maritime and distribute all cash from AMSC. AMSC has been a successful dividend

distributor over the past years returning more than NOK 67 per share in cash

dividends in addition to the Solstad Maritime shares. Although this is the end

of the journey for AMSC, we believe direct exposure to the Solstad Maritime

share will be an excellent opportunity for AMSC shareholders to create value

going forward".

The full report is attached.

Company contacts:

Pål Magnussen, Chief Executive Officer +47 24 13 00 04

Morten Bakke, Chief Financial Officer +47 24 13 00 87

This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.