Avance Gas Holding Ltd ("Avance" or the "Company") hereby announces that 750,000 share options have been issued to MrKristian Sørensen in connection with his appointment as Chief Executive Officer ofAvance 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 ofNOK 41.50 per share, 200,000 options vest after 24 months at a subscription price ofNOK 51.50 per share, and 350,000 options vest after 36 months at a subscription price ofNOK 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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