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.

Reference is made to the stock exchange release from ADS Maritime Holding Plc
("ADS" or the "Company") published on 21 July 2022 regarding a fully
underwritten private placement. The Company is pleased to announce that it has
raised approx. NOK 100 million in gross proceeds through a private placement
(the "Private Placement") of 47,619,048 new shares (the "New Shares"), at a
price per share of NOK 2.10. The Private Placement was managed by Arctic
Securities AS (the "Manager").
 
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.

Notification of allocation to investors will be communicated on or about 25 July
2022. 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.

Following issuance of the New Shares in VPS, the Company will have 71,009,348
shares outstanding, each with a par value of USD 0.20.

B T Larsen & Co Ltd (the "Underwriter"), was allocated 46,994,048 new ordinary
shares in the Private Placement.
 
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 has further resolved to carry out a subsequent share offering in the
form of 34,190,476 a secondary sale of ordinary shares in the Company by the
Underwriter (the "Subsequent Offering"). 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.

Advisors
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.