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Avance Gas Holding Ltd – Signed Sustainability-Linked

Avance Gas Holding Ltd – Signed Sustainability-Linked
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Avance Gas Holding Ltd: Avance Gas: Key information relating to the dividend for the first quarter, 2021

Key information relating to the dividend to be paid by Avance Gas Holding Ltd. for the first quarter 2021: Dividend amount: $0.14 Declared currency: USD Last day including right: 7 June

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Avance Gas Holding Ltd - Q1 2021 Presentation

Avance Gas Holding Ltd - Q1 2021 Presentation Attend webcast: Attend by conference call: US: +1 646 741 3167 Norway: +47 21 56 30 15 Confirmation code: 9475682 For further queries, please contact: Randi Navdal Bekkelund, CFO Email: randi.navdal@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 carrier (VLGC) and operates a fleet of thirteen modern ships and six Dual Fuel LPG newbuildings due for delivery in Q4 2021, Q1 2022, Q4 2022 and Q1-Q4 2023. For more information about Avance Gas, please visit www.avancegas.com.

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Avance Gas Holding Ltd Reports Unaudited Results for the First Quarter of 2021

Avance Gas Holding Ltd Reports Unaudited Results for the First Quarter of 2021 HIGHLIGHTS The average time charter equivalent (TCE) rate was $42,552/day on a load-to-discharge (IFRS 15 accounting principles) and $36,754 on a discharge-to-discharge basis and, compared to $36,130/day and $40,759/day in Q4 2020 respectively. Daily operating expenses (OPEX) were $9,440/day, compared to $9,419/day in Q4 2020. OPEX was impacted by Covid-19 crew and freight cost of $800/day, seasonal up storing of spares and maintenance totaling approx. $800/day. A&G expenses were $1,191/day, up from $701/day in Q4 2020. In April 2021, the Company increased its dual fuel VLGC newbuilding program from four to six 91,000 CBM vessels highlighting the company s commitments towards de-carbonisation of the LPG industries.

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