Avance Gas

Completion of buy-back program

Bermuda, 6 March 2015: Avance Gas Holding Ltd (OSE: "AVANCE") today announced the completion of its USD 15 million share buy-back program, as initiated on 31 December 2014 and further extended on 15 January 2015.

The company has purchased 939,039 common shares at an average price of NOK 104.1 per share pursuant to the buy-back program, for an aggregate consideration of NOK 97.8 million (USD 12.6 million).

The total number of shares held as treasury shares as of today is 919,339.

For further queries, please contact:

Christian Andersen, President

Tel: [phone] / Email: [e-mail]

Peder C. G. Simonsen, CFO

Tel: [phone] / Email: [e-mail]

ABOUT AVANCE GAS

Avance Gas operates in the global market for transportation of liquefied petroleum gas (LPG). The Company is one of the world's leading owners and operators of very large gas carrier (VLGC), and operates a fleet of eight modern ships and has a newbuilding program of six VLGCs. For more information about Avance Gas, please visit: www.avancegas.com.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

---

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Avance Gas Holding Ltd via Globenewswire

HUG#1900238