Lysaker, 29 May 2018
Reference is made to the Company's Q1 2018 report, regarding the Board's authorization to pay a quarterly dividend of USD 0.08
per share to the shareholders of AMSC on record as of 30 May 2018. The shares in American Shipping Company ASA will be traded
ex dividend USD 0.08 as from today, 29 May 2018. The NOK amount per share will be 0.6537 and will be paid on or about 7 June
2018. The dividend is classified as a return of paid in capital.
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About American Shipping Company ASA:
Established in 2005 and listed on the OSE, AMSC is a ship owning company with nine modern handy size product tankers and one
modern handy size shuttle tanker on long term 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.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading
Act.
