Mandatory notification of trade

25 Nov 2024 17:58 CET

Reference is made to the stock exchange announcement made by AMSC ASA ("AMSC")
on 4 December 2023 relating to Aker ASA's ("Aker") indirect total return swap
("TRS") agreements with financial exposure to 22,155,088 underlying shares in
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
4 December 2025. The swap prices for the contracts with DNB and SEB are NOK
28.3660 and NOK 28.3947 per share respectively.

Following the above transactions, Aker Capital AS has a financial exposure to
22,155,088 underlying shares in AMSC, equal to 30.83 per cent of the shares and
votes of AMSC.

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 (MAR) article 19.

The information contained herein is subject to the disclosure requirements of
section 4-2 and section 5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

633129_AMSC_Annex_to_PDMR_notification_Nov_2024.pdf