Stolt-Nielsen to Purchase Shareholding in Avenir LNG Limited

27 Jan 2025 22:30 CET

Stolt-Nielsen to Purchase Shareholding in Avenir LNG Limited

London, January 27, 2025 - Stolt-Nielsen Limited (Oslo Børs: SNI), through its
subsidiary Stolt-Nielsen Gas Ltd., has today announced that it has entered into
a share purchase agreement to acquire all the shares of Avenir LNG Limited
('Avenir LNG') owned by Golar LNG Limited and Aequitas Limited (the
'Transaction').

The Transaction is expected to be completed during the first quarter of 2025
(subject to fulfilment of the conditions to closing under the share purchase
agreement). Upon completion, Stolt-Nielsen Gas Ltd. will control approximately
94.37% of the outstanding shares and votes in Avenir LNG.

Avenir LNG is an industry leader in small-scale liquefied natural gas (LNG)
supply and is focused on supporting the marine energy transition through one of
the largest fleets of small-scale LNG vessels. Avenir LNG owns and operates a
fleet of five modern small-scale LNG bunkering vessels, with two newbuildings
under construction.

Commenting on the transaction, Udo Lange, CEO, Stolt-Nielsen Limited said: "I am
very pleased to announce this increased investment in Avenir LNG. This strategic
move not only strengthens our position in the LNG sector but also underscores
our commitment to pursuing more sustainable energy solutions for the maritime,
industrial, and power generation markets. I am excited about the possibilities
ahead and confident that this partnership will propel us into new avenues of
growth and impact."

Jonathan Quinn, Managing Director Avenir LNG, added: "Today marks an exciting
new chapter for Avenir LNG as we continue to execute our strategy to become the
leading small-scale LNG shipping and trading company. On behalf of the entire
team at Avenir LNG, I wish to extend my thanks to the founding shareholders
whose support and guidance has been instrumental in positioning Avenir LNG at
the forefront of the marine energy transition since we launched in October
2018. With the increased support from Stolt-Nielsen Limited, Avenir LNG is well
positioned to act dynamically as we pursue our growth strategy in this
burgeoning market."

Subject to completion of the Transaction, Stolt-Nielsen Gas Ltd. intends to
offer to buy the shares of all remaining shareholders in Avenir LNG. Further
information about the offer (if launched) will be published on Avenir LNG's
ticker 'AVENIR' on Euronext NOTC.

DNB Markets, a part of DNB Bank ASA, is acting as financial advisor to Stolt-
Nielsen Limited.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading
Act. This stock exchange announcement was published by Stolt-Nielsen Limited, at
the date and time as set out above.


For additional information please contact:

Jens F. Grüner-Hegge
Chief Financial Officer
UK +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com (mailto:j.gruner-hegge@stolt.com)

Ellie Davison
Head of Corporate Communications
UK +44 (0) 20 7611 8926
e.davison@stolt.com (mailto:e.davison@stolt.com)


About Stolt-Nielsen Limited

Stolt-Nielsen (SNL or the Company) is a long-term investor and manager of
businesses focused on opportunities in logistics, distribution and aquaculture.
The Stolt-Nielsen portfolio consists of its three global bulk-liquid and
chemicals logistics businesses - Stolt Tankers, Stolthaven Terminals and Stolt
Tank Containers, Stolt Sea Farm and various investments. Stolt-Nielsen Limited
is listed on the Oslo Stock Exchange (Oslo Børs: SNI).

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