Avance Gas: Fixture of first Chinese newbuilding

Bermuda, 30 January, 2015: Following the deliveries of VLGCs Mistral and Monsoon on 13 January 2015, Avance Gas Holding Ltd (OSE: "AVANCE") is pleased to announce that Monsoon has been fixed for a 60-90 days time charter, commencing early February, at a rate reflecting the freight market at the time of negotiations. Mistral is under final negotiations for a similar charter.

Hull 1073 is expected to be delivered late Q1/2015 and hull 1074 is expected to be delivered mid Q2/2015.

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 00 48 15 / 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 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.