Statement From Avance Gas Holding Ltd in Connection With the Mandatory Offer From Hemen Holding Limited

We have received a fairness opinion from Pareto Securities AS ("Pareto") dated 30 September 2021, as of the date thereof and based upon and subject to the assumptions, considerations, qualifications, factors, and limitations set forth therein. Pareto's fairness opinion is attached to this statement.This statement is made pursuant to Section 6-16 of the Norwegian Securities Trading Act.Attachments Board Statement as of 4 October 2021Avance Gas Holding Ltd - Fairness letter...

We have received a fairness opinion from Pareto Securities AS ("Pareto") dated 30 September 2021, as of the date thereof and based upon and subject to the assumptions, considerations, qualifications, factors, and limitations set forth therein. Pareto's fairness opinion is attached to this statement.

This statement is made pursuant to Section 6-16 of the Norwegian Securities Trading Act.

Attachments

• Board Statement as of 4 October 2021
• Avance Gas Holding Ltd - Fairness letter