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Philly Shipyard Board/Management Information 2010

Jan 4, 2010

Board/Management Information

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Stock exchange notice dated 28 December 2009 regarding management change in

American Shipping Company ASA was published with the wrong ticker code. This

announcement refers to American Shipping Company, ticker AMSC, and was

republished on the AMSC-ticker today.

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1370055]