Oslo, 14 January 2020. Arctic Securities AS (the "Manager") has been engaged by
Sungas Holding Ltd. (the "Seller") to explore the sale of up to 2,478,799
existing shares in Avance Gas Holding Ltd. (the "Company"), representing
approximately 3.8 percent of the share capital and voting rights in the company
(the "Transaction"). The Transaction is to be conducted by way of an accelerated
bookbuilding process.

The bookbuilding process will commence immediately following the publication of
this announcement and may be closed at short notice at the full discretion of
the Manager. A further announcement will be made following pricing of the shares
in the Transaction. The Seller reserves the right, at its own discretion, to
sell fewer shares or no shares at all and to reduce or disregard any order for
shares.

Sungas Holding Ltd. is represented on the Board of Directors of the Company by
Francois Sunier. Subject to completion of the Transaction, the Seller will enter
into a customary 90 day lock-up agreement for any remaining shares.


Important Notice

The distribution of this announcement and the offer and sale of the shares in
certain jurisdictions may be restricted by law.  The shares may not be offered
to the public in any jurisdiction in circumstances which would require the
preparation or registration of any prospectus or offering document relating to
the shares in such jurisdiction. No action has been taken by the Manager or any
of its affiliates that would permit an offering of the shares or possession or
distribution of this announcement or any other offering or publicity material
relating to such securities in any jurisdiction where action for that purpose is
required. Persons into whose possession this announcement comes are required to
inform themselves about and to observe any such restrictions. Any failure to
comply with these restrictions may constitute a violation of the securities laws
of any such jurisdiction.

This press release is for information purposes only and does not constitute or
form a part of an offer to sell or a solicitation of an offer to purchase any
security of the Company in the United States or in any other jurisdiction where
such offer or solicitation is unlawful. The securities of the Company described
in this press release have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the "Securities Act"), or any applicable
state or foreign securities laws and may not be offered or sold in the United
States absent registration or an exemption from the registration requirements of
the Securities Act.  There will be no public offering of securities in the
United States.

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