NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S
REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN, THE UNITED STATES, THE
UNITED KINGDOM OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.
 
Reference is made to the stock exchange announcement published by ADS Maritime
Holding Plc (the "Company") on 3 October 2022 regarding the subsequent offering
(the "Subsequent Offering") of up to 34,190,476 existing ordinary shares in the
Company held by B T Larsen & Co Ltd. (the "Offer Shares") at a price of NOK 2.10
per Offer Share (the "Offer Price").

The application period for the Subsequent Offering will expire at 16:30 hours
(CEST) today, on 18 October 2022.
 
Correctly completed application forms must be received by Arctic Securities AS
(the "Manager") before the end of the application period. The allocation rights
("Allocation Rights") that are not used to apply for offer shares in the
Subsequent Offering before the expiry of the application period will expire and
have no value.

If the market price of the Company's shares exceed the Offer Price, the
Allocation Rights will have financial value. If the market price of the
Company's shares is below the Offer Price, the Allocation Rights will not have
financial value because it will be possible to buy shares in the market at lower
prices than the Offer Price, subject to sufficient volume of shares being
available for purchase.

For further information about the Subsequent Offering, please refer to the
prospectus dated 3 October 2022 (the "Prospectus"). The Prospectus, including
the application form in the Subsequent Offering, is available electronically at
the Manager's website: https://www.arctic.com/secno/en/offerings. 

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

Important information 

This release is not for publication or distribution, in whole or in part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.