Hamilton, Bermuda August 15, 2024 Avance Gas Holding Ltd. («Avance Gas» or «Company») (OSE: AGAS) has on August 15, 2024, entered into an agreement with BW LPG Ltd (“BW LPG” or “the Buyer”) to sell its fleet of Very Large Gas Carriers (VLGC) for a consideration of $1,050 million. The Avance Gas VLGC fleet today consist of eight 2015 built eco VLGCs and four dual fuelled VLGCs built 2022 and 2023. The transaction is regulated by 10 individual Memorandum of Agreement (MoA) for the 10 owned VLGCs w