Avance Gas Holding

Avance Gas Holding Ltd: Final extraordinary distribution of USD 0.74 per share

Hamilton, Bermuda. April 16, 2025

This refers to the Fourth Quarter 2024 Earnings Release announced on February

12, 2025. In that release, the Company stated that it would distribute a final

dividend of approximately $0.70 per share upon receiving the remaining $34.2

million from Exmar in connection with the sale of the four Mid-Sized Gas

Carriers (MGCs). We are pleased to announce that the final settlement with Exmar

has been received. As a result, the Company will proceed with a final

extraordinary distribution of $0.74 per share, totalling $56.7 million, of which

$0.16 per share is return of capital and $0.58 per share is dividend. Key

information of the extraordinary distribution is published in a separate press

release.

As announced in our third-quarter presentation on November 27, 2024, and

reaffirmed in our fourth-quarter presentation on February 12, 2025, Avance Gas

has completed the sale of all its assets and has been returning capital to

shareholders, with today's announced extraordinary distribution marking the

final payment. The Company is not planning to make new investments and are

proceeding with the winding-up process where the next step is a Special General

Meeting. A separate notice of this meeting will be published, to appoint a

liquidator and to resolve the delisting of Avance Gas. The last trading date of

the shares will be determined by the Oslo Stock Exchange, which we anticipate

will occur in June 2025.

The Company will publish its First Quarter 2025 Report on April 25, 2025. Given

the limited level of activity, there will be no accompanying presentation or

webcast. Press releases will be issued to announce the resolutions passed at the

Special General Meeting and to provide updates on the delisting process.

For further information, please contact:

Randi Navdal Bekkelund, CFO

Tel: +47 23 11 40 00

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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