Philly Shipyard — Major Shareholding Notification 2023

Oct 18, 2023

Philly Shipyard ASA - Disclosure of large shareholding

Philly Shipyard ASA - Disclosure of large shareholding

Vehicles managed by subsidiaries of Apollo Management Holdings, L.P. ("Apollo") have today sold a total of 28,331 shares in Philly Shipyard ASA (the "Company") through several transactions, resulting in Apollo and vehicles managed by subsidiaries of Apollo holding a consolidated total of 622,881.00 shares, equal to approx. 4.95% of the shares and votes in the Company, and thereby crossing below 5% of the shares and votes in the Company.

Apollo is the parent company of each of the managers identified below and makes this disclosure on behalf of each of the entities listed below. The current holding of shares following today's transactions is identified for each vehicle:

Apollo Credit NS Holdings (Lux) S.a.r.l. (Manager: Apollo SVF Management, L.P.): 476,431.00 shares, equal to approx. 3.79% of the shares and votes in the Company.

Apollo Credit Strategies Master Fund Ltd. (Manager: Apollo ST Fund Management, LLC): 130,198.00 shares, equal to approx. 1.04% of the shares and votes in the Company.

Apollo PPF Credit Strategies, LLC (Manager: Apollo PPF Credit Strategies Management, LLC): 16,252.00 shares, equal to approx. 0.13% of the shares and votes in the Company.

Neither Apollo nor any other entities in the Apollo Group has or manages other rights to shares issued by the Company.

This announcement is made in accordance with Section 4-2 of the Norwegian Securities Trading Act.