4 March 2024 - Peter D. Knudsen, board member of AMSC ASA ("AMSC" or the
"Company"), has today acquired 4,000 shares in AMSC through the company Vilja
AS. The price per share was NOK 26.0943, which implies a total consideration of
NOK 104,337.20. Following the transaction, Vilja AS holds a total of 30,000
shares in AMSC, constituting approximately 0.042% of the Company's shares and
votes.

Please see attached primary insider notification form pursuant to the
requirements of the Market Abuse Regulation article 19.

This information is subject to the disclosure requirements pursuant to the
Norwegian Securities Trading Act section 5-12.

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