AMSC ASA (under liquidation) - SOLSTAD MARITIME ASA FIRST QUARTER RESULTS. UPDATE ON DIVIDEND AND FINANCIAL CALENDAR

05 May 2025 07:07 CEST

Lysaker, 5 May 2025

AMSC ASA (under liquidation) (AMSC) currently holds 91,422,601 shares in Solstad
Maritime ASA (SOMA), equalling approximately 19.6% of the shares in the company.
SOMA has today published its 2025 first quarter results, which can be found on
https://newsweb.oslobors.no/message/645222.

On 24 April 2025, the annual general meeting of AMSC resolved to distribute the
company's shares in SOMA as dividend-in-kind to its shareholders in connection
with the contemplated listing of SOMA on Euronext Oslo Børs, and also resolved
that AMSC shall be liquidated.

The dividend-in-kind is conditional upon necessary approvals by Euronext Oslo
Børs related to the listing of SOMA on Euronext Oslo Børs. As announced on 1
April 2025, subject to such approval AMSC expects that the last day of trading
of the AMSC share including the rights to receive 1.272 SOMA shares per share
held in AMSC (rounded down to the nearest whole number of shares) is on 6 May
2025, and that the shares of AMSC will be traded ex such dividend from and
including 7 May 2025.

Furthermore, due to the ongoing liquidation process, AMSC will not publish
quarterly results for the first quarter ended 31 March 2025.

Contact:

Pål Magnussen, +47 90 54 59 59

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