Bermuda, 5 April 2019 .  Avance Gas Holding Ltd ("Avance Gas" or the "Company") announces that Christian Andersen will step down as President of the Company. The Board would like to thank Mr. Andersen for his significant contribution to the Company since inception. Peder Simonsen (CFO) will serve as interim CEO until a permanent successor is appointed.

For further queries, please contact:

Peder C. G. Simonsen, Tel: +47 22 00 48 15, E-mail:  p.simonsen@avancegas.com

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