ADES.L Regulatory News (ADES)

May 19, 2017

Not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States of America, Australia, Canada, Japan or South Africa or any jurisdiction in which such distribution would be unlawful.

ADES International Holding Ltd (the "Company")

Mid-Stabilisation Period Announcement

Further to the pre-stabilisation period announcement dated 9 May, 2017, Citigroup Global Markets Limited (contact: Suneel Hargunani, telephone: +44 20 7986 8764) hereby gives notice that the Stabilisation Manager named below undertook stabilisation (within the meaning of Article 3.2.(d) of the Market Abuse Regulation (EU/596/2014)) in relation to the offer of the following securities, as set out below;

Issuer:

ADES International Holding Ltd

Securities:

Ordinary Shares with a par value of US$1.00 each(ISIN AEDFXA1EN018)

Offering Size:

14,756,258 Ordinary Shares excluding the over-allotment option

Offer Price:

US$16.5 per Ordinary Share

Market:

London Stock Exchange

Ticker:

ADES

Stabilisation Manager:

Citigroup Global Markets Limited

Execution Date

London time

Quantity

Price

Price Currency

Stabilisation Trading Venue

15-May-17

09:59:37

25,000

16.4

USD

London Stock Exchange

15-May-17

09:59:37

285

16.4

USD

London Stock Exchange

15-May-17

10:16:51

20

16.4

USD

London Stock Exchange

15-May-17

10:44:14

1,613

16.4

USD

London Stock Exchange

15-May-17

11:21:24

15,107

16.4

USD

London Stock Exchange

15-May-17

11:37:33

1,837

16.4

USD

London Stock Exchange

16-May-17

08:20:41

7,500

16.45

USD

London Stock Exchange

16-May-17

08:42:36

2,500

16.45

USD

London Stock Exchange

16-May-17

08:42:37

7,500

16.45

USD

London Stock Exchange

16-May-17

08:42:42

2,500

16.45

USD

London Stock Exchange

16-May-17

08:42:46

10,000

16.45

USD

London Stock Exchange

16-May-17

08:43:00

10,000

16.45

USD

London Stock Exchange

16-May-17

08:43:10

7,500

16.45

USD

London Stock Exchange

16-May-17

08:43:21

2,500

16.45

USD

London Stock Exchange

16-May-17

10:50:27

4,339

16.4

USD

London Stock Exchange

16-May-17

10:50:27

724

16.4

USD

London Stock Exchange

16-May-17

10:50:27

20,000

16.4

USD

London Stock Exchange

16-May-17

11:02:27

12,254

16.4

USD

London Stock Exchange

16-May-17

11:03:29

1,736

16.4

USD

London Stock Exchange

16-May-17

11:03:40

1,671

16.4

USD

London Stock Exchange

16-May-17

11:03:40

3,329

16.4

USD

London Stock Exchange

16-May-17

11:03:48

19,681

16.4

USD

London Stock Exchange

16-May-17

11:04:05

9,681

16.4

USD

London Stock Exchange

16-May-17

11:04:05

319

16.4

USD

London Stock Exchange

16-May-17

11:05:04

1,266

16.4

USD

London Stock Exchange

16-May-17

11:05:05

11,250

16.35

USD

London Stock Exchange

16-May-17

11:17:54

2,604

16.35

USD

London Stock Exchange

16-May-17

11:17:55

860

16.35

USD

London Stock Exchange

16-May-17

11:22:50

214

16.35

USD

London Stock Exchange

16-May-17

11:51:12

3,590

16.35

USD

London Stock Exchange

16-May-17

11:51:12

72

16.35

USD

London Stock Exchange

16-May-17

11:51:13

11,250

16.35

USD

London Stock Exchange

16-May-17

12:12:34

16,410

16.35

USD

London Stock Exchange

16-May-17

12:12:34

3,750

16.35

USD

London Stock Exchange

16-May-17

12:12:35

14,172

16.3

USD

London Stock Exchange

16-May-17

12:17:48

1,989

16.3

USD

London Stock Exchange

16-May-17

12:18:50

8,839

16.3

USD

London Stock Exchange

16-May-17

12:18:50

30,940

16.3

USD

London Stock Exchange

16-May-17

12:26:05

5,000

16.3

USD

London Stock Exchange

16-May-17

12:26:05

25,000

16.3

USD

London Stock Exchange

16-May-17

12:52:02

2,546

16.3

USD

London Stock Exchange

16-May-17

12:57:24

11,514

16.3

USD

London Stock Exchange

16-May-17

13:01:28

18,750

16.25

USD

London Stock Exchange

16-May-17

13:02:38

1,890

16.25

USD

London Stock Exchange

16-May-17

13:12:00

18,750

16.25

USD

London Stock Exchange

16-May-17

13:12:00

4,360

16.25

USD

London Stock Exchange

16-May-17

13:16:33

2,589

16.25

USD

London Stock Exchange

16-May-17

13:16:34

2,500

16.25

USD

London Stock Exchange

16-May-17

13:24:09

1,161

16.25

USD

London Stock Exchange

16-May-17

13:35:20

22,450

16.2

USD

London Stock Exchange

16-May-17

13:38:52

27,550

16.2

USD

London Stock Exchange

16-May-17

14:26:25

15,000

16.15

USD

London Stock Exchange

16-May-17

14:26:30

15,000

16.15

USD

London Stock Exchange

16-May-17

14:26:34

10,000

16.15

USD

London Stock Exchange

16-May-17

14:26:34

5,000

16.15

USD

London Stock Exchange

16-May-17

14:26:35

5,000

16.15

USD

London Stock Exchange

16-May-17

14:27:09

6,100

16.1

USD

London Stock Exchange

16-May-17

14:27:10

6,100

16.1

USD

London Stock Exchange

16-May-17

14:27:12

2,800

16.1

USD

London Stock Exchange

16-May-17

14:32:33

3,637

16.1

USD

London Stock Exchange

16-May-17

14:32:56

11,363

16.1

USD

London Stock Exchange

16-May-17

14:32:56

3,788

16.1

USD

London Stock Exchange

16-May-17

14:40:06

4,737

16.1

USD

London Stock Exchange

16-May-17

15:06:57

5,657

16.1

USD

London Stock Exchange

16-May-17

15:11:23

4,606

16.1

USD

London Stock Exchange

16-May-17

15:13:26

1,212

16.1

USD

London Stock Exchange

16-May-17

15:57:49

9,375

16

USD

London Stock Exchange

16-May-17

15:57:59

15,000

16

USD

London Stock Exchange

16-May-17

15:58:03

625

16

USD

London Stock Exchange

16-May-17

15:58:10

25,000

16

USD

London Stock Exchange

16-May-17

15:58:26

23,125

16

USD

London Stock Exchange

16-May-17

15:58:26

25,000

16

USD

London Stock Exchange

16-May-17

15:59:06

1,875

16

USD

London Stock Exchange

16-May-17

16:01:48

6,100

15.95

USD

London Stock Exchange

16-May-17

16:01:49

3,900

15.95

USD

London Stock Exchange

16-May-17

16:21:27

4,536

15.95

USD

London Stock Exchange

16-May-17

16:23:58

5,464

15.95

USD

London Stock Exchange

16-May-17

16:25:12

5,629

15.95

USD

London Stock Exchange

18-May-17

13:26:16

23,581

16

USD

London Stock Exchange

18-May-17

13:26:21

57

16

USD

London Stock Exchange

18-May-17

13:26:25

40

16

USD

London Stock Exchange

18-May-17

13:41:16

1,590

16

USD

London Stock Exchange

19-May-17

08:00:32

6

15.95

USD

London Stock Exchange

19-May-17

08:29:44

1

15.95

USD

London Stock Exchange

19-May-17

09:21:45

10

15.95

USD

London Stock Exchange

19-May-17

10:08:20

10

15.95

USD

London Stock Exchange

19-May-17

10:11:57

10

15.95

USD

London Stock Exchange

19-May-17

15:01:01

400

15.95

USD

London Stock Exchange

19-May-17

15:01:11

40

15.95

USD

London Stock Exchange

19-May-17

16:23:11

1,000

15.95

USD

London Stock Exchange

19-May-17

16:24:59

260

15.95

USD

London Stock Exchange

19-May-17

16:29:50

22,371

15.95

USD

London Stock Exchange

19-May-17

16:29:55

1,463

15.95

USD

London Stock Exchange

19-May-17

16:29:55

892

15.95

USD

London Stock Exchange

Disclaimer

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive") before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Prospectus Directive (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Directive), this announcement and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Directive (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in that Member State.

This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.