Minutes from Annual General Meeting

 American Shipping Company ASA has today on 7 April 2010 held its

Annual General Meeting. All proposals to the AGM were approved.

The Board of Directors now consists of:

Annette Malm Justad (Board Chairman)
John Rose
Dag Fasmer Wittusen

The minutes of the meeting are attached in Norwegian and English. Enclosed
please also find the AGM presentation.

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1401019]