American Shipping Company ASA: Primary insider disclosure

Annette Malm Justad, the Chairman of the Board of
Directors of American Shipping Company ASA ("AMSC" or
the "Company"), has today acquired 4,523 shares in
AMSC. The price per share was NOK 44.2142, which
implies a total consideration of NOK 199,980.8266.

Following the transaction, Annette Malm Justad holds
a total of 4,523 shares in AMSC, constituting
approximately 0.0075% 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.