The MR Product Tanker “UOG Sparta” was successfully delivered to its new owners in Durban, South Africa, at 14:08 (CET) 26thOctober.

Furthermore, the  MR Product Tanker “UOG Oslo” (previously named “Swift Omaha”) was successfully delivered to its new owners in Los Angeles, USA, at 21:20 (CET) 27th October.

ADS Maritime Holding Plc will act as Disponent Owner for the vessels and holds a 10 % shareholding in the owning companies.

The “UOG Oslo” is  fixed on a 2-year charter for 24 months +/- 30 days. After the firm period, the charterers have an optional period of 12 months. The vessel will be delivered to the charterers in Los Angeles within October.

The “UOG Sparta”, will sail from Durban during the weekend to the Arabian Gulf (est. 14 days), for trading in the spot market. The intention for the next voyages is to trade her in the Middle East.

The acquisition is part of the Company’s strategy for opportunistic growth in shipping, including the tanker market, where ADSMH recently has taken positions within several 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 31st October 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 Norwegian subsidiaries 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.