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2016-10-21

Avance Gas Holding Ltd : Mandatory notification of trade

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED
STATES, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.
PLEASE SEE THE IMPORTANT INFORMATION AT THE END OF THE ANNOUNCEMENT

Avance Gas Holding Ltd - Mandatory notification of trade

Bermuda, 21 October 2016. Reference is made to the announcement by Avance Gas
Holding Ltd ("Avance Gas" or the "Company") dated 21 October 2016 regarding
the successful completion of a private placement (the "Private Placement") of
new shares (the "Offer Shares").

The following shareholders represented on the board of directors of Avance Gas
have subscribed for and been allocated Offer Shares in the Private Placement
at the subscription price of NOK 17 per Offer Share:

* Stolt-Nielsen Gas Limited, a subsidiary of Stolt-Nielsen Limited, has been
allocated 3,000,000 Offer Shares in the Private Placement. Stolt-Nielsen
Gas Limited will hold 5,478,799 shares in the Company, representing
approximately 8.8% of the shares and votes in the Company, following
completion of the Private Placement.
* Sungas Holdings Ltd has been allocated 3,000,000 Offer Shares in the
Private Placement. Sungas Holdings Ltd will hold 5,478,799 shares in the
Company, representing approximately 8.8% of the shares and votes in the
Company, following completion of the Private Placement.
* Hemen Holding Limited has been allocated 3,000,000 Offer Shares in the
Private Placement. Hemen Holding Limited will hold 5,410,251 shares in the
Company, representing approximately 8.7% of the shares and votes in the
Company, following completion of the Private Placement.

For further queries, please contact:

Christian Andersen, President
Tel: +47 22 00 48 05 / Email: c.andersen@avancegas.com

Peder C. G. Simonsen, CFO
Tel: +47 22 00 48 15 / Email: p.simonsen@avancegas.com

About Avance Gas

Avance Gas operates in the global market for transportation of liquefied
petroleum gas (LPG). The Company is one of the world's leading owners and
operators of very large gas carriers (VLGCs), operating a fleet of fourteen
modern VLGC ships.

Important information

This communication may not be published, distributed or transmitted in the
United States, Canada, Australia or Japan. These materials do not constitute
an offer of securities for sale or a solicitation of an offer to purchase
securities of the Company in the United States, Norway or any other
jurisdiction. The securities of the Company may not be offered or sold in the
United States absent registration or an exemption from registration under the
U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"). The
securities of the Company have not been, and will not be, registered under
the U.S. Securities Act. Any sale in the United States of the securities
mentioned in this communication will be made solely to "qualified
institutional buyers" as defined in Rule 144A under the U.S. Securities Act
and to "major U.S. institutional investors" under SEC Rule 15a-6 to the
United States Exchange Act of 1934. No public offering of the securities will
be made in the United States.

In any EEA Member State that has implemented the Prospectus Directive, this
communication is only addressed to and is only directed at qualified
investors in that Member State within the meaning of the Prospectus
Directive, i.e., only to investors who can receive the offer without an
approved prospectus in such EEA Member State. The expression "Prospectus
Directive" means Directive 2003/71/EC (and amendments thereto, including
Directive 2010/73/EU, to the extent implemented in any relevant Member State)
and includes any relevant implementing measure in the relevant Member State.

In the United Kingdom, this communication is only addressed to and is only
directed at Qualified Investors who (i) are investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are
persons falling within Article 49(2)(a) to (d) of the Order (high net worth
companies, unincorporated associations, etc.) (all such persons together
being referred to as "Relevant Persons"). These materials are directed only
at Relevant Persons and must not be acted on or relied on by persons who are
not Relevant Persons. Any investment or investment activity to which this
announcement relates is available only to Relevant Persons and will be
engaged in only with Relevant Persons. Persons distributing this
communication must satisfy themselves that it is lawful to do so.

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "anticipate", "believe",
"continue", "estimate", "expect", "intends", "may", "should", "will" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict and are beyond its
control. Such risks, uncertainties, contingencies and other important factors
could cause actual events to differ materially from the expectations
expressed or implied in this release by such forward-looking statements. The
information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice.

This announcement is made by and, and is the responsibility of, the Company.
ABN AMRO, Danske Bank, DNB Markets, Nordea Markets, Credit Agricole, SEB and
Swedbank Danske Bank (the "Managers") are acting exclusively for the Company
and no one else and will not be responsible to anyone other than the Company
for providing the protections afforded to their respective clients, or for
advice in relation to the contents of this announcement or any of the matters
referred to herein.

Neither the Managers nor any of their respective affiliates makes any
representation as to the accuracy or completeness of this announcement and
none of them accepts any responsibility for the contents of this announcement
or any matters referred to herein.

This announcement is for information purposes only and is not to be relied
upon in substitution for the exercise of independent judgment. It is not
intended as investment advice and under no circumstances is it to be used or
considered as an offer to sell, or a solicitation of an offer to buy any
securities or a recommendation to buy or sell any securities of the Company.
Neither the Managers nor any of their respective affiliates accepts any
liability arising from the use of this announcement.

Each of the Company, the Managers and their respective affiliates expressly
disclaims any obligation or undertaking to update, review or revise any
statement contained in this announcement whether as a result of new
information, future developments or otherwise.

The distribution of this announcement and other information may be restricted
by law in certain jurisdictions. Persons into whose possession this
announcement or such other information should come are required to inform
themselves about and to observe any such restrictions.

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

---------------------------------------

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Avance Gas Holding Ltd via Globenewswire

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