NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TOU.S. NEWS WIRE SERVICES OR FOR DISSEMINATION INTHE UNITED STATES ,CANADA ,AUSTRALIA ORJAPAN , OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.S.D. Standard ETC Plc : Offer to shareholders in Northern Supply AS Limassol,June 13, 2022 In line with the strategy to grow Standard Supply AS' ("Standard Supply" or the "Company") fleet through vessel- and fleet acquisitions, the Board of Directors of the Company today has resolved to make an offer to shareholders in Northern Supply AS ("Northern Supply") to acquire shares in the company (the "Offer") with the ambition to increase Standard Supply's ownership in Northern Supply up to 51%. The Company is offering two alternative forms of settlement for Northern Supply shares, a cash offer ofNOK 280.90 per share in Northern Supply, and an offer with settlement in shares in Standard Supply at an exchange rate of 62.95 shares in Standard Supply for every share in Northern Supply, or a combination of both alternatives. The Offer is made as of today,June 13, 2022 , and will expire at 16:00 onJune 15, 2022 . Further terms of the Offer are provided in an offer letter made available today to known shareholders in Northern Supply. A copy of such offer letter can be obtained on request by sending an email to mathias.wexels@clarksons.com. For further information please contact: Chairman of the Board Martin Nes at +47 92 01 48 14 *** This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Important information The release is not for publication or distribution, in whole or in part directly or indirectly, in or intoAustralia ,Canada , Japan Hong Kong orthe United States (including its territories and possessions, any state ofthe United States and theDistrict of Columbia ). 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, inthe 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 inthe United States except pursuant to an exemption from the registration requirements of the US Securities Act. Neither SDSD nor Standard Supply intend to register any portion of any offering of the securities inthe United States or to conduct a public offering of the securities inthe United States . Copies of this announcement are not being made and may not be distributed or sent intoAustralia ,Canada ,Japan orthe United States . 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 Standard Supply'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.
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