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2014-05-16

American Shipping Company ASA : Purchase of treasury shares

Oslo, 16 May 2014 - Reference is made to American Shipping Company ASA's
("ASMC" or the "Company") stock exchange notice on 13 May 2014 where AMSC
announced its intent to purchase 100,000 treasury shares in connection with
its incentive scheme for employees. AMSC has today purchased 31,000 shares in
the Company on Oslo Børs at an average price of NOK 52.258 per share, which
implies a total consideration of NOK 1,619,998. The purchase of treasury
shares was carried out in accordance with an authorization granted by the
Annual General Meeting of the Company held on 23 April 2014.

Following the transaction AMSC holds a total of 69,000 treasury shares,
constituting approximately 0,114% of the Company's shares and votes.

***

The information contained herein is subject to the disclosure requirements of
section 4-2 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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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