26 September, 2022

ADS Maritime Holding Plc ("ADSMH" or "the Company") has acquired a 10 % stake in
two MR tankers and will act as disponent owner with primary responsibility for
following up the owning companies' activities related to the vessels.

The vessel Swift Omaha, to be renamed "UOG Oslo", 46.100 dwt built 2010, is
expected to be delivered late October 2022 and the intention is to employ her on
a 2-year TC, where discussions are underway with major charterers. The vessel
UOG Sparta, 49.999 dwt built 2009, will be delivered alongside Swift Omaha. UOG
Sparta will be delivered in the Pacific and traded in the spot market. The
Commercial Manager is evaluating the market to find the best possible charter
contracts for the ships to maximize shareholders' value.

The acquisition is part of the Company's strategy of opportunistic growth in
shipping, including the tanker market, where the Company during 2022 has taken
positions within the Shuttle, VLCC and MR segments.

Contacts

Terje Bodin Larsen, CEO +47 905 35 543 tbl@ads.no

Dagfinn Andersen, CFO +47 922 91 001 dagfinn.andersen@ads.no

This stock exchange release was published by Dagfinn Andersen, CFO, ADS Maritime
Holding Plc, on 26 September 2022 at 08:00 CET.

About ADS Maritime Holding

ADS Maritime Holding Plc is a public limited company listed on the Euronext
Growth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and
domiciled in Cyprus and has a Norwegian subsidiary based in Arendal, Norway.
For more information, visit www.adsmh.com 

Forward looking statements
    
The information included herein may contain forward looking statements. Forward
looking statements include all statements that are not historical facts,
including but not limited to statements expressing or implying the Company's
intent, belief or current expectations with respect to, among other things,
forecasts, estimates, and predictions. Such forward looking statements
necessarily involve risks and uncertainties and are dependent on assumptions,
information, data or methods that may be incorrect or imprecise. Actual results
could differ materially from expectations expressed in the forward-looking
statements if one or more of the underlying assumptions or expectations proves
to be inaccurate or is unrealized. Actual results may differ materially from
those expected or projected in the forward-looking statements. The Company
undertakes no responsibility or obligation to update or alter forward-looking
statements for any reason.