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American Shipping Company ASA – Minutes from annual general meeting 2022

22/04/2022

The 2022 annual general meeting of American Shipping Company ASA was held today as a digital meeting with online participation. All resolutions were made in accordance with the proposals set out in the meeting notice.

The minutes of the meeting are attached in Norwegian and English and available on www.americanshippingco.com. Enclosed please also find the AGM presentation.

The general meeting appointed PriceWaterhouseCoopers AS as the new auditor of the company.

The general meeting also elected Frank O. Reite and re-elected Peter Ditlef Knudsen as members of the board for a period of two years.

The board of directors now comprise of:

· Annette Malm Justad (Chairperson)
· Peter Ditlef Knudsen
· Frank O. Reite

Company contacts:

Pål Magnussen, Chief Executive Officer

+47 24 13 00 04

Morten Bakke, Chief Financial Officer

+47 24 13 00 87

Leigh Jaros, Controller

+1 484 880 3741

About American Shipping Company ASA:

Established in 2005 and listed on the Oslo Stock Exchange, AMSC is a ship owning company with nine modern handy size product tankers and one modern handy size shuttle tanker on bareboat charter with Overseas Shipholding Group (OSG). OSG charters the vessels out on time charters to major oil companies in the U.S. coastwise Jones Act trade.  AMSC has a significant contract backlog as well as a profit-sharing agreement with OSG which offers visibility with respect to future earnings and potential dividend capacity. The Company has an ambition to pay attractive dividends to its shareholders. Further information is available at www.americanshippingco.com. For more information about American Shipping Company, please visit www.americanshippingco.com.

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

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