Reference is made to the extraordinary general meeting in Philly Shipyard ASA
(under liquidation) (the "Company") on 19 February 2025 where the general
meeting resolved to liquidate the Company. The Company's board of directors has
in accordance with the Norwegian Public Limited Liability Companies Act section
16-9 resolved to distribute a liquidation dividend to its shareholders.
Key information relating to the liquidation dividend is set out below:
o Dividend amount: USD 0.86 per share
o Declared currency: USD (please note that the dividend will be paid out in NOK)
o Last day including right: 6 June 2025
o Ex-date: 10 June 2025
o Record date: 11 June 2025
o Payment date: On or about 20 June 2025
o Date of approval: 3 June 2025
Other information:
The Board of Directors has in accordance with section 16-6 of the Norwegian
Public Limited Liability Companies Act prepared a liquidation balance sheet as
of 30 April 2025. The liquidation balance sheet has been audited by the
Company's auditor. Both the balance sheet and the auditor's report are attached
hereto. The liquidation balance sheet will also be distributed to the
shareholders of the Company and is available at the Company's registered office
as required by the Norwegian Public Limited Liability Companies Act.
This information is published in accordance with the requirements of the
Continuing Obligations and the disclosure requirements set out in the Norwegian
Securities Trading Act section 5-12.