NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES.

Reference is made to the notice issued on 12 June 2023, where BW LPG Limited (the “Company”) launched an offer to purchase the share equivalent of USD 25-50 million in the Company (the “Offering”).

The Company intends to acquire shares in the Offering at a price between NOK 106 and NOK 108 per share. The Company has decided to extend the offer period of the Offering until 18:00 (CEST) on 14 June 2023.

The Company has mandated DNB Markets as sole bookrunner. Shareholders wanting to sell shares in the Offering are required to complete and send the acceptance form to DNB Markets at [email protected] before 14 June 2023 at 18:00 (CEST). Existing customers of DNB Markets can also contact DNB Markets at +47 24 16 90 20 with their respective volume and price targets.

The Company will, depending on the prices and volumes offered by selling shareholders, allocate shares at its discretion, with the equal treatment of shareholders as the primary objective. The Company reserves the right to, at its own discretion, to reject all received offers in the contemplated Offering.

For further information, please contact:

Anders Onarheim Chief Executive Officer
E-mail: [email protected]

Iver Baatvik
Interim Chief Financial Officer
Head of Investor Relations and Corporate Development
E-mail: [email protected]

ABOUT BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping, experienced employees and an in-house LPG trading division, BW LPG offers an integrated, flexible, and reliable service to customers. More information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of over 490 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, biofuels and water treatment.

IMPORTANT NOTICE

The Offering will be carried out in accordance with applicable laws and regulations and information pertaining to the Offering will be disclosed by way of stock exchange notices.

The information contained herein about the Offering is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and section 5-12 of the Norwegian Securities Trading Act. This stock exchange release was published by Iver Baatvik, Head of Investor Relations, BW LPG Limited on 14 June 2023 at 15:00 (CEST).

Shareholders considering to tender their shares in the Offering are advised to consult with their own tax advisers with respect to the tax position in their country of residence or other jurisdictions to which they may have a tax liability as a result of a sale of shares in the Offering.

The Offering and the distribution of this announcement and other information in connection with the Offering may be restricted by law in certain jurisdictions (including, but not limited to, the United States, Canada, Australia and Japan). None of the Company or the Manager assume any responsibility in the event there is a violation by any person of such restrictions. This includes shareholders who have changed their domicile to such jurisdictions but which may access their VPS accounts. Persons into whose possession this announcement or relevant information should come are required to inform themselves about and to observe any such restrictions. The Offering is not being made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States of America, its territories and possessions, any State of the United States and the District of Columbia (the “United States”) or any other jurisdiction in which this would be unlawful, require registration or other measures. This includes, but is not limited to, facsimile transmission, internet delivery, e-mail and telephones. Copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or into the United States or any such jurisdiction and so doing may invalidate any purported acceptance.