Reference is made to previous stock exchange announcements, i.a. on 29 June 2012 and September 28 2012, issued by Converto Capital Fund AS ("CCF"), a subsidiary of Aker ASA, relating to a TRS agreement with financial exposure to 9,182,520 underlying shares in American Shipping Company ASA ("AMSC"), equal to 33.27 per cent of the share capital of AMSC with final expiry date on June 28, 2013. The swap may be issued as three months rolling contracts and CCF has on 28 December entered into a new three months contract with expiry 27 March 2013, with a swap price of NOK 2.0016 per share.
CCF holds 5,493,430 shares in AMSC, equaling 19.90 per cent of the shares and votes of AMSC.
Lars Solbakken, CEO of Ocean Yield AS which is a wholly owned subsidiary of Aker ASA, is a board member of AMSC.
The information contained herein is subject to the disclosure requirements of sections 4-1 of the Norwegian Securities Trading Act.