Kistefos AS and Kistefos Investments AS (together "Kistefos") have informed the
Chairman and CEO of AMSC ASA that Kistefos is considering initiating a lawsuit
against the Chairman and the CEO to claim compensation for the alleged loss
incurred by Kistefos as a result of the refinancing that was announced by
Solstad Offshore ASA ("SOFF") on 23 October 2023. Kistefos is considering
initiating the lawsuit in the form of a class action, so that other shareholders
in SOFF may participate.
AMSC ASA, the Chairman and the CEO maintain that any such lawsuit would be
without merit.
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