NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN,
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 of NOK 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 on June
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The release is not for publication or distribution, in whole or in part directly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 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). 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. Neither
SDSD nor Standard Supply 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.

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.