AMSC ASA - Mandatory notification of trade

22 Nov 2022 18:34 CET

Reference is made to previous stock exchange announcements, the latest from 10
October 2022, relating to Aker ASA's ("Aker") indirect total return swap ("TRS")
agreements with financial exposure to 22,155,088 underlying shares in AMSC ASA
("AMSC"), equal to 30.83 per cent of the share capital in AMSC. Aker, through
its wholly owned subsidiary Aker Capital AS, has today terminated said
agreements. Concurrently with the termination Aker Capital AS has entered into
new TRS agreements with DNB Bank ASA ("DNB") and Skandinaviska Enskilda Banken
AB ("SEB") with financial exposure to 11,268,761 and 10,886,327 underlying
shares in AMSC respectively. The expiry date of the new TRS agreements has been
set to 6 December 2023. The swap prices for the contracts with DNB and SEB are
NOK 48.2131 and NOK 48.2616 per share respectively.

In addition to the financial exposure provided by the abovementioned two swap
agreements, Aker Capital AS also holds 13,701,416 shares in AMSC, equaling 19.07
per cent of the shares and votes of AMSC.

Please see attachment for more information regarding the transactions in
accordance with Regulation EU 596/2014 article 19.

The information contained herein is subject to the disclosure requirements of
section 4-2 of the Norwegian Securities Trading Act.

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

More information:
Access the news on Oslo Bors NewsWeb site

576413_AMSC_Appendix_trs_rullering_Nov_2022.pdf