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2016-11-14

American Shipping Company ASA : Ex-dividend today

Lysaker, 14 November 2016

Reference is made to the Company's Q3 2016 report, regarding the Board's
authorization to pay a quarterly dividend of USD 0.124 per share to the
shareholders of AMSC on record as of 15 November 2016. The shares in
American Shipping Company ASA will be traded ex dividend USD 0.124 as from
today, 14 November 2016. Based on the closing NOK/USD exchange rate on 11
November 2016, the NOK amount per share will be 1.04 and will be paid on or
about 23 November 2016. The dividend is classified as a return of paid in
capital.

***

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.

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: American Shipping Company ASA via Globenewswire

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