(Oslo, Norway, 23 August 2024)

Standard Supply AS (Standard Supply, OSE:STSU) reported an EBITDA of USD -0.3
million in the second quarter of 2024, reflecting mainly administration expenses
as the remaining vessel in the fleet, Standard Supplier, was sold on April 3rd
2024. At quarter end the Group's consolidated cash position was USD 43.5
million.

Following the sale of the remaining vessel in the fleet, Standard Supply AS'
Board of Directors has decided to propose to distribute an extraordinary
distribution of NOK 1.00 per share. The distribution must be approved by an
extraordinary general meeting of the Company scheduled to take place in
September 2024. The Company continues to evaluate opportunities, but investors
should expect further distributions if these opportunities do not materialize.
Including the distribution proposal announced today, Standard Supply AS has
returned approx. NOK 1bn or NOK 5.17/sh to the shareholders since the IPO in
July 2022.  

The second quarter report is enclosed. 

ENDS

For further information, please contact: 
CEO Espen L. Fjermestad at +47 95 20 44 93
Chairman of the Board Martin Nes at +47 92 01 48 14

standard-supply.com