Lysaker, 2 April 2025
Reference is made to the stock exchange announcement made on 25 November 2024
relating to Aker Capital AS' ("AkerCapital") total return swap ("TRS")
agreements with financial exposure to 22,155,088 underlying shares in AMSC ASA
("AMSC"). Reference is further made to the stock exchange announcement made
by AMSC on 1 April 2025 regarding proposal to distribute 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.
The shares in SMH are linked to the shares in AMSC, cf. the Market Abuse
Regulation article 19.
Aker Capital, a wholly owned subsidiary of Aker ASA and close associate of Frank
O. Reite (board member in AMSC), has today exercised a right under the TRS
agreements to assume the SMH shares that are to be received by the TRS
counterparties as dividend-in-kind from AMSC on the hedge shares held by them in
connection with the TRS agreements.
Please see attachment for more information regarding the transactions in
accordance with Regulation EU 596/2014 (MAR) article 19.
This information is subject to the disclosure requirements pursuant to Article
19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian
Securities Trading Act.