Avance Gas - Grant of Share Options

Avance Gas Holding Ltd (“Avance” or the “Company”) hereby announces that 375,000 share options have been issued to Øystein Kalleklev (Executive Chairman)in Avance. The share options will have a five-year term from August 30, 2022, with a three-year vesting period, whereby 25% will vest after one year, 35% will vest after two years, and 40% will vest after three years. The options have an exercise price of NOK 52.50 and the exercise price will be adjusted for any distribution of dividends made before the relevant options expire. For more info please contact: Randi Navdal Bekkelund, Chief Financial Officer Telephone +47 22 00 48 00 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