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Regulatory press release

AMSC ASA - Fourth quarter 2022 results

AMSC
Lysaker, 28 February 2023, AMSC ASA ("AMSC" or the "Company") announces results
for the fourth quarter ending 31 December 2022.

HIGHLIGHTS

· On 10 October 2022, AMSC received Tranche 2 of the equity private placement,
USD 17.2 million
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