AMSC ASA — Remuneration Information 2015

Jan 9, 2015

American Shipping Company ASA : Primary Insider Disclosure

American Shipping Company ASA : Primary Insider Disclosure

9 January 2015 - As part of the incentive scheme for employees of American

Shipping Company ASA ("AMSC" or the "Company"), Pål Magnussen, CEO, has today

entered into an agreement with the Company to acquire 20,000 shares in AMSC. The

purchase price shall be the stock price at the date AMSC delivers the shares,

less a price reduction of 20% to compensate for the lock-up restrictions on the

shares for a period of three years.

Following the acquisition of the shares, Pål Magnussen will hold 20,000 shares

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

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