Avance Gas Holding Ltd: Registration of reduction in par value of the share

31 May 2024 18:44 CEST

Hamilton, Bermuda

May 31, 2024

Following the resolution passed at the Annual General Meeting on April 29th,
2024, regarding the reduction in par value of the shares, the registration
process for this reduction has been completed. The par value of the shares has
been reduced from US$1.00 to US$0.01 as of today.

For further information, please contact:

Randi Navdal Bekkelund - Chief Financial Officer

Tel: +47 23 11 40 00

Email: ir@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) and owns sixteen LPG ships
consisting of twelve modern VLGCs including four dual fuel LPG VLGCs and four
dual fuel MGCs for delivery in 2025 and 2026. For more information about Avance
Gas, please visit www.avancegas.com.

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

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