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Regulatoriskt pressmeddelande

Philly Shipyard ASA (under liquidation): Minutes from extraordinary general meeting

Philly Shipyard
An extraordinary general meeting of Philly Shipyard ASA (under liquidation) (the
"Company") was held today as a digital meeting with online participation. All
resolutions were made in accordance with the proposals set out in the meeting
notice.

The Company intends to submit an application for the delisting of its shares
from Euronext Expand shortly. Subject to and following Euronext Oslo Børs'
approval of the delisting application, and the Company's shares being delisted,
the Company will be converted into a private limited liability Company and the
Company's board of directors will from the same time comprise of the following
persons:

Charlotte Håkonsen (chair)
Frank O. Reite
Svein Oskar Stoknes

The minutes of the meeting are attached in Norwegian and English and available
on the Company's website www.phillyshipyardasa.com

Contact:
contact@phillyshipyardasa.com

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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