NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES
OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

ADS Maritime Holding Plc ("ADS" or the "Company") has engaged Arctic Securities
AS as Sole Manager (the "Manager") to advise on and effect a fully underwritten
private placement of new ordinary shares in the Company (the "New Shares"),
raising gross proceeds of approx. NOK 100 million (the "Private Placement"). The
subscription price per New Share in the Private Placement (the "Offer Price")
will be NOK 2.10 per Offer Share (the "Offer Price").
The net proceeds from the Private Placement will be used for investments in
shipping assets, on a co-investment basis or in fully owned assets, as well as
for general corporate purposes.

B T Larsen & Co Ltd (the "Underwriter"), a company that controls 28.2% of the
shares in the Company and that is controlled by the chairman of the board, Bjørn
Tore Larsen, has fully underwritten the Private Placement at the Offer Price.
The underwriter will receive an underwriting commission of 1.5% of the
underwriting commitment, payable in cash by the Company. The Underwriter will
minimum be allocated Offer Shares in the Private Placement equal its pro-rata
indirect ownership in the Company. 

The application period in the Private Placement will commence today, 21 July
2022 at 09:00 CEST and close on 22 July 2022 at 16:30 CEST. The Manager and the
Company may, however, at any time resolve to close or extend the application
period on short or without notice. If the application period is shortened or
extended, any other dates referred to herein may be amended accordingly.

The Private Placement will be directed towards selected Norwegian and
international investors (a) outside the United States in reliance on Regulation
S under the U.S, Securities Act of 1933, as amended (the "U.S. Securities Act"),
and (b) to investors in the United States who are "qualified institutional
buyers" ("QIBs") as defined in Rule 144A under the U.S. Securities Act, in each
case subject to an exemption being available from prospectus requirements and
any other filing or registration requirements in the applicable jurisdictions
and subject to other selling restrictions. The minimum application and
allocation amount have been set to the NOK equivalent of EUR 100,000 per
investor. The Company may, however, at its sole discretion, allocate an amount
below EUR 100,000 to the extent applicable exemptions from the prospectus
requirements pursuant to the Norwegian Securities Trading Act and ancillary
regulations are available. Further selling restrictions and transaction terms
will apply.

Allocation of New Shares will be determined on or about 25 July 2022 by the
Board at its sole discretion and in consultation with the Manager. The Board may
focus on allocation criteria such as (but not limited to) existing ownership in
the Company, timeliness of the application, relative order size, sector
knowledge, perceived investor quality and investment horizon. The payment date
for the Private Placement is expected to be on or about 27 July 2022 and the
Offer Shares are expected to be delivered following approval of the Private
Placement by the Company's board of directors, full payment of the Offer Shares
and issuance of the Offer Shares in VPS.

The completion of the Private Placement is subject to (i) the corporate
resolutions of the Company required to implement the Private Placement and the
Subsequent Offering, (ii) the Offer Shares having been fully paid and legally
issued. The Private Placement will be cancelled if the conditions are not
fulfilled, and may be cancelled or modified by the Company in its sole
discretion for any other reason. Neither the Company nor the Manager will be
liable for any losses incurred by applicants if the Private Placement is
cancelled or modified, irrespective of the reason for such cancellation or
modification.

The Company has considered the Private Placement in light of the equal treatment
obligations under the Norwegian Securities Trading Act and Oslo Børs' Circular
no. 2/2014 and is of the opinion that the waiver of the preferential rights
inherent in a private placement, taking into consideration the time, costs and
risk of alternative methods of the securing the desired funding is in the common
interest of Company and its shareholders. 
The Company will carry out a subsequent share offering in the form of new
ordinary shares in the Company and/or a secondary sale of ordinary shares in the
Company by the Underwriter (the "Subsequent Offering"). The Underwriter has
pursuant to the underwriting agreement a right to sell up to a number of shares
in the Subsequent Offering that would reduce its controlling inters down to
28.2% of the shares in the Company if the Subsequent Offering is fully
subscribed and the Company has a similar right to request such sale. The split
between new shares and secondary shares offered by the Underwriter in the
Subsequent Offering will be determined by the board of directors of the Company
following expiry of the subscription period in the Private Placement. The
Subsequent Offering will be directed towards existing shareholders in the
Company as of 22 July 2022, as registered in Euronext Securities Oslo, the
Norwegian Central Securities Depositary (the "VPS") as of 26 July 2022, except
for shareholders who (i) were allocated Offer Shares or (ii) are resident in a
jurisdiction where such offering would be unlawful or, for jurisdictions other
than Norway, would require any prospectus, filing, registration or similar
action. The offer price in such Subsequent Offering will be the same as the
Offer Price in the Private Placement, i.e. NOK 2.10 per share. Over-subscription
and subscription without subscription rights will not be permitted in the
Subsequent Offering.

ADS Maritime Holding Plc will continue to develop investments, utilizing the
company's track record with first class counterparties as part of its long/short
term investment strategy. The Company has currently identified investment
opportunities within its stated strategies in the tanker sector, crude and/or
product, and the long-term shuttle tanker and/or LNG sectors and are working
these towards conclusion.

The Company is currently negotiating the acquisition of a 20% ownership position
in 3x Chinese built ~13/14-year-old LR2/coated Aframax tankers, where ADSMH also
will retain the role of commercial manager. The ships will be chartered, on
market terms, for a period of up to 3 years to 3rd party charterer. The Company
consider the indicative terms to be attractive with downside protection and
upside potential. The Company is currently not in a position to stipulate a
conclusion time on the negotiations nor final price or charter rates.
Negotiations are taking place in good fate, but completion can not be guarantied
 
The Company has signed a letter of intent in connection with the construction of
2 x LNG carriers, and the intended role is to provide management services to the
"Owner" of the LNGC's, a large financial investor. As the intended project
develops, the Owner will provide the Company with an option to buy a minority
stake in the LNGC owning subsidiaries. 

Advisor
Arctic Securities AS act as Sole Bookrunner and Sole Manager in the Private
Placement. Advokatfirmaet Wiersholm AS acts as Norwegian legal counsel to the
Company

For further information, please contact:
Terje Bodin Larsen, CEO
+47 905 35 543
tbl@ads.no 

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

About ADS Maritime Holding Plc
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 Norwegian subsidiaries based in Arendal, Norway. 
For more information, visit www.adsmh.com 

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation.  This stock exchange release was published by Dagfinn
Andersen, Chief Financial Officer on the time and date provided.

Important information
The release is not for publication or distribution, in whole or in part directly
or indirectly, in or into Australia, Canada, Japan Hong Kong or the United
States (including its territories and possessions, any state of the United
States and the District of Columbia). This release is an announcement issued
pursuant to legal information obligations and is subject to the disclosure
requirements of section 5-12 of the Norwegian Securities Trading Act. It is
issued for information purposes only and does not constitute or form part of any
offer or solicitation to purchase or subscribe for securities, in the United
States or in any other jurisdiction. The securities mentioned herein have not
been, and will not be, registered under the United States Securities Act of
1933, as amended (the "US Securities Act"). The securities may not be offered or
sold in the United States except pursuant to an exemption from the registration
requirements of the US Securities Act. The Company does not intend to register
any portion of any offering of the securities in the United States or to conduct
a public offering of the securities in the United States. Copies of this
announcement are not being made and may not be distributed or sent into
Australia, Canada, Japan or the United States.

The issue, subscription or purchase of shares in the Company is subject to
specific legal or regulatory restrictions in certain jurisdictions. Neither the
Company nor the Manager assume any responsibility in the event there is a
violation by any person of such restrictions. The distribution of this release
may in certain jurisdictions be restricted by law. Persons into whose possession
this release comes should inform themselves about and observe any such
restrictions. Any failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.

The Manager is acting for the Company and no one else in connection with the
Private Placement in the Company, and will not be responsible to anyone other
than the Company providing the protections afforded to its clients or for
providing advice in relation to the Private Placement and/or any other matter
referred to in this release.

Forward-looking statements: This release and any materials distributed in
connection with this release may contain certain forward-looking statements. By
their nature, forward-looking statements involve risk and uncertainty because
they reflect the Company's current expectations and assumptions as to future
events and circumstances that may not prove accurate. A number of material
factors could cause actual results and developments to differ materially from
those expressed or implied by these forward-looking statements.