AVANCE GAS HOLDING WKN: A1W6ST ISIN: BMG067231032 Kürzel: AGAS Forum: Aktien Thema: Hauptdiskussion

Dear Klaus, Thank you for the below inquiry. In relation to the second quarter results presented August 28th, we spoke about what the Company will consist of after the sale of the VLGC fleet and the various options we are currently exploring. Following completion of the transaction, which is expected to be within December 2024, Avance Gas will be the owner of four Medium-Sized Gas Carriers (MGCs) newbuildings capable of carrying ammonia cargoes for delivery between Q4 2025 and Q4 2026. Further, we will become the second largest shareholder in BW LPG with 12.8% stake and we will have a substantial cash position. With the MGCs, we have various options: we could sell the vessels to a third party and generate $10 million in profit per vessels (these were contracted in June and August 2023 at $61.5m and now valued at low $70m) or we could sell the vessels with a charter contract attached which could potentially result in a higher sale price. The third alternative is to be a fully operator and expand the MGC fleet by investing further in this segment. We are currently exploring all the options and we will keep the investors updated by issuing press releases. For the sake of good order, please find enclosed link to the second quarter presentation along with link to the recent presentation in relation to the Pareto Conference on September 12th below: Second quarter presentation: https://newsweb.oslobors.no/message/626390 Pareto Conference: https://newsweb.oslobors.no/message/627549 We hope this is was helpful and please reach out should you have any further questions. Thank you, Best regards Avance IR www.avancegas.com +47 23 11 40 00