Philly Shipyard ASA: Notice of 2024 Annual General Meeting

The annual general meeting of Philly Shipyard ASA will be held on Monday, April
15, 2024 at 14:00 (CEST) as a virtual meeting. 

The meeting will be conducted as a virtual meeting only, accessible online via
Lumi AGM. All shareholders will be able to participate in the meeting, vote and
ask questions from smartphones, tablets or desktop devices. For further
information regarding electronic participation, please refer to the guide
available at www.phillyshipyard.com.  

Although no pre-registration is needed for attending online, shareholders that
are eligible for attending and voting at the annual general meeting are
encouraged to register their attendance no later than April 11, 2024 at 23:59
(CEST). Attendees must be logged in before the meeting starts to be able to
vote. Deadline for registration of advance votes and proxies is April 11, 2024
at 16:00 (CEST).

Please find attached the following documents:

o	Notice of Annual General Meeting 2024, incl. proxy form
o	The Board of Directors' Proposed Resolutions 
o	Remuneration Report for Executive Management for 2023
o	Recommendations from the Nomination Committee
o	Guidelines for online participation

All documents to be processed in the meeting, as well as the participation link
and guidelines for online participation, will also be made available on
www.phillyshipyard.com.

Contacts:

Kelly Whitaker 
Vice President of Sustainability and Communications
Tel.: [phone]
E-mail: [e-mail]

About Philly Shipyard: 

Philly Shipyard, Inc. (PSI) is a leading U.S. shipbuilder that is presently
pursuing a mix of commercial and government work. It possesses a
state-of-the-art shipbuilding facility and has earned a reputation as a
preferred provider of oceangoing merchant vessels with a track record of
delivering quality ships, having delivered around 50% of all large ocean-going
Jones Act commercial ships since 2000. PSI is the sole operating subsidiary of
Philly Shipyard ASA. Philly Shipyard ASA is listed on the Oslo Stock Exchange
(Oslo: PHLY) and is majority-owned by Aker Capital AS, which in turn is
wholly-owned by Aker ASA (Aker). Aker is an industrial investment company that
exercises active ownership to create value. Aker has ownership interests in oil
and gas, renewable energy and green technologies, maritime assets, marine
biotechnology and industrial software, and its portfolio includes companies like
Aker BP, Aker Horizons, Aker BioMarine, Cognite, and Aker Solutions.

For more information about Philly Shipyard, please visit www.phillyshipyard.com.

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

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© Oslo Bors ASA, source Oslo Stock Exchange