 Twelve Seas Investment Company Twelve Seas BROG, a company formed for the purpose of entering into a business combination, and Brooge Holdings Limited, a Cayman Islands exempted company Brooge Holdings, announced today that they have consummated their previously announced business combination, pursuant to a business combination agreement, dated April 15, 2019 as amended, the Business Combination Agreement among Twelve Seas, Brooge Holdings and Brooge Petroleum and Gas Investment Company FZE BPGIC, a United Arab Emirates UAE company in the oil storage and services business, and the other parties thereto. Pursuant to the Business Combination Agreement, each outstanding ordinary share of Twelve Seas has been exchanged for one 1 ordinary share of Brooge Holdings, each outstanding warrant of Twelve Seas has been exchanged for one warrant of Brooge Holdings, each outstanding right of Twelve Seas has been converted into one-tenth of an ordinary share of Brooge Holdings, rounded down to the nearest whole share, and each outstanding unit of Twelve Seas has been broken into its component parts and then exchanged for one 1 ordinary share of Brooge Holdings, one 1 warrant of Brooge Holdings and one-tenth of an ordinary share of Brooge Holdings. 