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Regulatory press release

Philly Shipyard ASA: Annual Report for 2024

Philly Shipyard
Philly Shipyard ASA today publishes its Annual Report for 2024, which includes
the annual accounts, the auditor's report for 2024 and the corporate governance
report. Philly Shipyard has also published its annual financial statements in
European Single Electronic Format (ESEF).

The reports are attached and are also available on www.phillyshipyardasa.com.

Contact:
Jeffrey Theisen, Chief Financial Officer
E-mail: Jeffrey.Theisen@phillyshipyard.com

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