Avance Gas: Fire incident on board hull 1074


BERMUDA, 18 August, 2014 - Avance Gas Holding Ltd (OSE: AVANCE) has been informed that there there has been a fire incident in cargo tank no. 3 on board hull 1074 under construction at Jiangnan shipyard in China. No casualties or injuries have been reported. The cause of the fire and its impact is currently being investigated.

For further queries, please contact:

Christian Andersen, President
Tel: +47 22 00 48 05 / Email: c.andersen@avancegas.com

Peder C. G. Simonsen, CFO
Tel: +47 22 80 75 72 / Email: p.simonsen@avancegas.com

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 carriers (VLGC), and operates a fleet of six modern ships and has a newbuilding program of eight VLGCs.

For more information about Avance Gas, please visit: www.avancegas.com.

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