ARDMORE SHIPPING CORP

Ticker: ASC CUSIP: Y0207T100 Class: Common Stock

Asset Management One Co., Ltd.'s Holding History (CIK: 0001068855)

Note: Option positions (PUT/CALL) are excluded.

Q3 2016

Shares 33,700 Value ($000) $237 Avg Close $6.13 Range $5.42 - $6.96

Q2 2016

Shares 32,200 Value ($000) $218 Avg Close $7.21 Range $5.37 - $8.26

Q1 2016

Shares 32,200 Value ($000) $272 Avg Close $7.24 Range $5.74 - $10.19

Q4 2015

Shares 23,300 Value ($000) $296 Avg Close $10.03 Range $8.94 - $11.78

Q3 2015

Shares 36,412 Value ($000) $440 Avg Close $9.69 Range $7.56 - $11.73

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	33,700	$237	$6.13	$5.42 - $6.96
Q2 2016	32,200	$218	$7.21	$5.37 - $8.26
Q1 2016	32,200	$272	$7.24	$5.74 - $10.19
Q4 2015	23,300	$296	$10.03	$8.94 - $11.78
Q3 2015	36,412	$440	$9.69	$7.56 - $11.73