Philly Shipyard — Report Publication Announcement 2017

Mar 17, 2017

Philly Shipyard ASA: Annual General Meeting Information

Philly Shipyard ASA: Annual General Meeting Information

The shareholders in Philly Shipyard ASA are invited to attend the annual general

meeting (AGM) to be held on Friday April 7, 2017 at 12:00h (CET) at

Advokatfirmaet BA-HR DA,

Tjuvholmen allé 16, 0252 Oslo, Norway.

Please find attached the following documents:

1. AGM document package, which includes the AGM notice, attendance form,

proposed resolutions, nomination committee recommendations, and guidelines for

remuneration to executive management.

2. The Philly Shipyard 2016 Annual Report.

The attachments, as well as the registration link, will also be made available

on the company's webpage, www.phillyshipyard.com.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.