ADES.L Regulatory News (ADES)

May 12, 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

09-May-17

08:00:12

8000

16.5

USD

London Stock Exchange

09-May-17

08:00:29

104

16.5

USD

London Stock Exchange

09-May-17

08:02:14

380

16.5

USD

London Stock Exchange

09-May-17

08:02:53

21484

16.5

USD

London Stock Exchange

09-May-17

08:03:29

3288

16.5

USD

London Stock Exchange

09-May-17

08:03:35

2995

16.5

USD

London Stock Exchange

09-May-17

08:03:43

3268

16.5

USD

London Stock Exchange

09-May-17

08:03:44

793

16.5

USD

London Stock Exchange

09-May-17

08:03:46

555

16.5

USD

London Stock Exchange

09-May-17

08:03:55

20867

16.5

USD

London Stock Exchange

09-May-17

08:03:55

9133

16.5

USD

London Stock Exchange

09-May-17

08:03:59

1518

16.5

USD

London Stock Exchange

09-May-17

08:03:59

1342

16.5

USD

London Stock Exchange

09-May-17

08:03:59

4133

16.5

USD

London Stock Exchange

09-May-17

08:04:08

1548

16.5

USD

London Stock Exchange

09-May-17

08:04:14

745

16.5

USD

London Stock Exchange

09-May-17

08:04:25

50309

16.5

USD

London Stock Exchange

09-May-17

08:04:25

21365

16.5

USD

London Stock Exchange

09-May-17

08:04:27

12900

16.5

USD

London Stock Exchange

09-May-17

08:04:29

3098

16.5

USD

London Stock Exchange

09-May-17

08:04:44

5001

16.5

USD

London Stock Exchange

09-May-17

08:04:49

1187

16.5

USD

London Stock Exchange

09-May-17

08:04:59

440

16.5

USD

London Stock Exchange

09-May-17

08:05:14

1535

16.5

USD

London Stock Exchange

09-May-17

08:07:23

631

16.5

USD

London Stock Exchange

09-May-17

08:07:28

180

16.5

USD

London Stock Exchange

09-May-17

08:07:33

20

16.5

USD

London Stock Exchange

09-May-17

08:07:38

5

16.5

USD

London Stock Exchange

09-May-17

08:07:43

2

16.5

USD

London Stock Exchange

09-May-17

08:10:10

1

16.5

USD

London Stock Exchange

09-May-17

08:10:10

19161

16.5

USD

London Stock Exchange

09-May-17

08:10:14

1818

16.5

USD

London Stock Exchange

09-May-17

08:10:14

839

16.5

USD

London Stock Exchange

09-May-17

08:10:16

1078

16.5

USD

London Stock Exchange

09-May-17

08:10:29

678

16.5

USD

London Stock Exchange

09-May-17

08:10:37

20000

16.5

USD

London Stock Exchange

09-May-17

08:10:44

2316

16.5

USD

London Stock Exchange

09-May-17

08:10:44

1426

16.5

USD

London Stock Exchange

09-May-17

08:10:54

2316

16.5

USD

London Stock Exchange

09-May-17

08:10:54

17684

16.5

USD

London Stock Exchange

09-May-17

08:10:56

5552

16.5

USD

London Stock Exchange

09-May-17

08:10:59

2172

16.5

USD

London Stock Exchange

09-May-17

08:11:14

919

16.5

USD

London Stock Exchange

09-May-17

08:11:20

394

16.5

USD

London Stock Exchange

09-May-17

08:12:15

20000

16.5

USD

London Stock Exchange

09-May-17

08:12:15

40000

16.5

USD

London Stock Exchange

09-May-17

08:12:15

23173

16.5

USD

London Stock Exchange

09-May-17

08:12:15

13647

16.5

USD

London Stock Exchange

09-May-17

08:12:36

5000

16.5

USD

London Stock Exchange

09-May-17

08:12:36

2426

16.5

USD

London Stock Exchange

09-May-17

08:12:45

4167

16.5

USD

London Stock Exchange

09-May-17

08:12:59

8297

16.5

USD

London Stock Exchange

09-May-17

08:13:00

110

16.5

USD

London Stock Exchange

09-May-17

08:13:00

1477

16.5

USD

London Stock Exchange

09-May-17

08:13:00

394

16.5

USD

London Stock Exchange

09-May-17

08:13:08

58523

16.5

USD

London Stock Exchange

09-May-17

08:13:08

19606

16.5

USD

London Stock Exchange

09-May-17

08:14:31

401

16.4

USD

London Stock Exchange

09-May-17

08:14:45

9136

16.4

USD

London Stock Exchange

09-May-17

08:14:52

5272

16.4

USD

London Stock Exchange

09-May-17

08:15:00

3798

16.4

USD

London Stock Exchange

09-May-17

08:15:12

6393

16.4

USD

London Stock Exchange

09-May-17

08:15:12

3607

16.4

USD

London Stock Exchange

09-May-17

08:15:15

1468

16.4

USD

London Stock Exchange

09-May-17

08:15:15

7947

16.4

USD

London Stock Exchange

09-May-17

08:15:29

6978

16.4

USD

London Stock Exchange

09-May-17

08:15:30

6122

16.4

USD

London Stock Exchange

09-May-17

08:15:33

2334

16.4

USD

London Stock Exchange

09-May-17

08:15:45

4739

16.4

USD

London Stock Exchange

09-May-17

08:15:53

2025

16.4

USD

London Stock Exchange

09-May-17

08:16:00

851

16.4

USD

London Stock Exchange

09-May-17

08:16:15

446

16.4

USD

London Stock Exchange

09-May-17

08:19:04

20000

16.4

USD

London Stock Exchange

09-May-17

08:19:14

3750

16.4

USD

London Stock Exchange

09-May-17

08:19:15

1322

16.4

USD

London Stock Exchange

09-May-17

08:19:30

745

16.4

USD

London Stock Exchange

09-May-17

08:19:36

418

16.4

USD

London Stock Exchange

09-May-17

09:24:37

10000

16.4

USD

London Stock Exchange

09-May-17

09:40:59

3500

16.4

USD

London Stock Exchange

09-May-17

10:34:29

265

16.4

USD

London Stock Exchange

09-May-17

10:34:30

11534

16.4

USD

London Stock Exchange

09-May-17

11:32:12

1534

16.4

USD

London Stock Exchange

09-May-17

11:32:12

8466

16.4

USD

London Stock Exchange

09-May-17

11:38:31

15000

16.4

USD

London Stock Exchange

09-May-17

11:38:34

27000

16.4

USD

London Stock Exchange

09-May-17

11:38:34

5000

16.4

USD

London Stock Exchange

09-May-17

11:40:05

16498

16.4

USD

London Stock Exchange

09-May-17

11:42:27

3502

16.4

USD

London Stock Exchange

09-May-17

11:42:27

1498

16.4

USD

London Stock Exchange

09-May-17

12:02:09

4628

16.4

USD

London Stock Exchange

09-May-17

12:04:39

3823

16.4

USD

London Stock Exchange

09-May-17

15:20:33

10000

16.3

USD

London Stock Exchange

09-May-17

15:20:45

19118

16.3

USD

London Stock Exchange

09-May-17

15:29:10

882

16.3

USD

London Stock Exchange

09-May-17

15:43:59

7177

16.3

USD

London Stock Exchange

09-May-17

16:35:17

15107

16.3

USD

London Stock Exchange

10-May-17

11:27:03

13663

16.3

USD

London Stock Exchange

11-May-17

10:15:55

13324

16.35

USD

London Stock Exchange

11-May-17

12:02:04

28

16.35

USD

London Stock Exchange

11-May-17

12:02:19

10

16.35

USD

London Stock Exchange

11-May-17

14:10:14

7300

16.35

USD

London Stock Exchange

12-May-17

10:16:50

17508

16.35

USD

London Stock Exchange

12-May-17

12:02:06

28

16.35

USD

London Stock Exchange

12-May-17

12:02:19

10

16.35

USD

London Stock Exchange

Dislcaimer

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.