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Regulatory press release

AMSC ASA - Key information relating to payment of cash dividend in March 2024

AMSC
Lysaker, 30 October 2023

Reference is made to the stock exchange notice published 30 October 2023
regarding the notice of an extraordinary general meeting ("EGM") in AMSC ASA on
20 November 2023, where AMSC's Board of Directors has decided to propose to the
EGM a dividend to AMSC's shareholders of USD 0.10 per share of which USD 0.05
per share will be paid in December 2023 and USD 0.05 per share will be paid
March 2024. Please see separate key information notice regarding the dividend
payment in December 2023.

Dividend amount: USD 0.05 per share

Declared currency: USD

Last day including right: 5 March 2024

Ex-date: 6 March 2024

Record date: 7 March 2024

Payment date: on or about 15 March 2024

Date of approval: The proposed distribution of the cash dividend is subject to
approval by the EGM of AMSC ASA to be held on 20 November 2023.

This information is published in accordance with the requirements of the
Continuing Obligations.
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