AMSC ASA - Third quarter 2024 results

Lysaker, 29 October 2024, AMSC ASA (“AMSC” or the “Company”) announces results for the third quarter ending 30 September 2024.

HIGHLIGHTS:

• Acquired an additional 980 000 shares in Solstad Maritime Holding AS (“Solstad Maritime”).
• Recognized share of profit of NOK 156.4 million relating to the investment in Solstad Maritime.
• Expect to receive NOK 45.7 million in dividends from Solstad Maritime during Q4.
• AMSC increases quarterly dividends to NOK 0.60 per share.

AMSC CEO, Pål Lothe Magnussen comments, “We are pleased to increase our quarterly dividends to NOK 0.60 per share on the back of Solstad Maritime initiating its quarterly dividends. The outlook for offshore energy activities continues to look positive with strong global E&P spending in combination with increased activity within offshore wind.”