Philly Shipyard to Pay Dividend

Maritime Activity Reports, Inc.

May 9, 2016

Photo Philly  Shipyard

Photo Philly Shipyard

Philly Shipyard ASA has provided key information relating to the cash dividend to be paid by PHLY

Dividend amount: USD 3.75 per share

Declared currency: USD

Last day including right: 12 May 2016

Ex-date: 13 May 2016

Record Date: 18 May 2016

Payment date: On or about 23 May 2016 

Approval date: 6 May 2016

Other information:  The USD equivalent of NOK 231,177,204 of the dividend is classified for accounting purposes as a repayment of previous paid in share premium. The remainder is paid out of retained earnings.

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