Avance Gas Holding Ltd - Mandatory notification of trade by PDMR

Hamilton, Bermuda October 4, 2024 Øystein Kalleklev, CEO of Avance Gas, has today exercised 131,250 share options. The original strike price was NOK 52.50 per share but have been adjusted to negative NOK 17.69 (the “Adjusted Strike Price”) due to NOK 70.19 dividend paid per share since the options were granted. The stock options have been cash settled with the difference of the Adjusted Strike Price and the closing price at OSE on October 4, 2024. Following the exercise, Mr. Kalleklev holds 50,000 shares in Avance Gas Holdings Ltd as well as 150,000 stock options vesting in August 2025 with an average original strike price of NOK 52.50. The strike price under these stock options is also adjusted for dividend payments. Please see the attached forms for notification and public disclosure of transaction. For further information, please contact: Investor and Analyst Contact: Randi Navdal Bekkelund, Chief Financial Officer of Avance Gas Tel: +47 23 11 40 00 Media Contact: Øystein Kalleklev, Chief Executive Officer of Avance Gas Tel: +47 23 11 40 00 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act