Lysaker, 1 April 2025
Reference is made to the stock exchange announcement by AMSC ASA (AMSC) on 1
April 2025 regarding, among other things, distribution of 91,422,601 shares in
Solstad Maritime Holding AS (SMH) as dividend-in-kind to its shareholders in
connection with the contemplated listing of SMH on Euronext Oslo Børs.
Dividend amount: 1.272 Solstad Maritime Holding AS (SMH) shares per share held
in AMSC (rounded down to the nearest whole number of shares)*
Declared currency: NOK
Last day including right: 6 May 2025
Ex-date: 7 May 2025
Record date: 8 May 2025
Payment date (delivery to VPS accounts): on or about 16 May 2025
Date of approval: 24 April 2025
Other information: The dividend-in-kind is conditional upon necessary approvals
by Euronext Oslo Børs related to the listing of SMH on Euronext Oslo Børs. No
assurance can at this stage be given that such conditions will be satisfied in
time or at all. The shares in SMH are expected to be tradable on Euronext Oslo
Børs immediately upon delivery on the payment date.
*Based on AMSC's closing share price on 31 March less current cash holdings at
AMSC, it follows implicitly that AMSC's SMH shareholding is valued at
approximately NOK 25.8 per share in AMSC, which entail a value per SMH share of
approximately NOK 20.3 (as the ratio between the total number of outstanding
shares in AMSC and the number of SMH shares to be distributed by AMSC is
approximately 1:1.272). This valuation may not be indicative of the market
capitalisation of SMH once trading in the SMH shares commence on Euronext Oslo
Børs.
This information is published in accordance with the requirements of the
Continuing Obligations.