AMSC ASA - Fourth Quarter 2024 Results

12 Feb 2025 07:05 CET

Lysaker, 12 February 2025, AMSC ASA ("AMSC" or the "Company") announces results
for the fourth quarter ending 31 December 2024.

HIGHLIGHTS:

· Announced a special dividend of NOK 3.9255 per share to be classified as
return of paid in capital.
· Announced intention to distribute Solstad Maritime shares in conjunction
with a Solstad Maritime stock exchange listing.
· Announced intention to liquidate and delist AMSC once distribution of
Solstad Maritime shares is completed.
· Net profit for the period of NOK 329.0 million.
· Expect to receive NOK 45.7 million in dividends from Solstad Maritime during
Q1 2025.

AMSC CEO, Pål Lothe Magnussen comments, "We are pleased to see Solstad Maritime
moving towards a listing on Oslo Stock Exchange and believe AMSC shareholder
value is maximized by giving our shareholders direct ownership in Solstad
Maritime and distribute all cash from AMSC. AMSC has been a successful dividend
distributor over the past years returning more than NOK 67 per share in cash
dividends in addition to the Solstad Maritime shares. Although this is the end
of the journey for AMSC, we believe direct exposure to the Solstad Maritime
share will be an excellent opportunity for AMSC shareholders to create value
going forward".

The full report is attached.

Company contacts:

Pål Magnussen, Chief Executive Officer +47 24 13 00 04

Morten Bakke, Chief Financial Officer +47 24 13 00 87

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

More information:
Access the news on Oslo Bors NewsWeb site

638319_Q4_2024_AMSC_FINAL.pdf