Avance Gas Holding Ltd ("Avance" or the "Company") hereby announces that 750,000
share options have been issued to Mr Kristian Sørensen in connection with his
appointment as Chief Executive Officer of Avance Gas AS.

The options will have a 5 year term and become exercisable as follows; 200,000
options vest after 12 months at a subscription price of NOK 41.50 per share,
200,000 options vest after 24 months at a subscription price of NOK 51.50 per
share, and 350,000 options vest after 36 months at a subscription price of NOK
61.50 per share. 

For more info please contact: Randi Navdal Bekkelund, Chief Financial Officer.

Telephone +47 22 00 48 29

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act or the continuing obligations of
Oslo Børs

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