Lysaker, 1 April 2025

Reference is made to the stock exchange announcement by AMSC ASA (AMSC) on 1 April 2025 regarding, among other things, distribution of 91,422,601 shares in Solstad Maritime Holding AS (SMH) as dividend-in-kind to its shareholders in connection with the contemplated listing of SMH on Euronext Oslo Børs.

Dividend amount: 1.272 Solstad Maritime Holding AS (SMH) shares per share held in AMSC (rounded down to the nearest whole number of shares)*

Declared currency: NOK

Last day including right: 6 May 2025

Ex-date: 7 May 2025

Record date: 8 May 2025

Payment date (delivery to VPS accounts): on or about 16 May 2025

Date of approval: 24 April 2025

Other information: The dividend-in-kind is conditional upon necessary approvals by Euronext Oslo Børs related to the listing of SMH on Euronext Oslo Børs. No assurance can at this stage be given that such conditions will be satisfied in time or at all. The shares in SMH are expected to be tradable on Euronext Oslo Børs immediately upon delivery on the payment date.

*Based on AMSC's closing share price on 31 March less current cash holdings at AMSC, it follows implicitly that AMSC's SMH shareholding is valued at approximately NOK 25.8 per share in AMSC, which entail a value per SMH share of approximately NOK 20.3 (as the ratio between the total number of outstanding shares in AMSC and the number of SMH shares to be distributed by AMSC is approximately 1:1.272). This valuation may not be indicative of the market capitalisation of SMH once trading in the SMH shares commence on Euronext Oslo Børs.

This information is published in accordance with the requirements of the Continuing Obligations.