Published

Mandatory notification of trades

(Bermuda, 26 February 2009): The following insiders of BW Offshore Limited have on 25 February 2009 purchased shares in BW Offshore Limited at a price of NOK 3.50 per share.
 
Carl K. Arnet, Chief Executive Officer, has purchased 150,000 shares. Following this transaction, Mr. Arnet holds 5,772,139 shares in BW Offshore Limited.
 
Knut R. Sæthre, Chief Financial Officer, has purchased 100,000 shares. Following this transaction, Mr. Sæthre holds 257,285 shares in BW Offshore Limited, through KRS Invest Ltd.
 
David Sverre, Executive Vice President Projects, has purchased 50,000 shares. Following this transaction, Mr. Sverre holds 117,639 shares in BW Offshore Limited.
 
Tom Arne Kristiansen, Executive Vice President Technology, has purchased 50,000 shares. Following this transaction, Mr. Kristiansen holds 98,006 shares in BW Offshore Limited.
 
Erik Svendsen, Executive Vice President APL, has purchased 40,000 shares. Following this transaction, Mr. Svendsen holds 75,830 shares in BW Offshore Limited.
 
Jon Myran, Executive Vice President Operations, has purchased 30,000 shares. Following this transaction, Mr. Myran holds 30,000 shares in BW Offshore Limited.
 
Bjørn Reang, Senior Vice President Corporate Controlling, has purchased 15,000 shares. Following this transaction, Mr. Reang holds 15,000 shares in BW Offshore Limited.
 
Kristian Flaten, Manager Finance and Investor Relations, has purchased 10,000 shares. Following this transaction, Mr. Flaten holds 18,139 shares in BW Offshore Limited.
 
 
For further information, please contact:
Knut R. Sæthre, CFO BW Offshore, +47 9111 7876
 
 
 
 
BW Offshore is one of the world's leading FPSO contractors and a market leader within advanced offshore loading and production systems to the oil and gas industry. BW Offshore has more than 25 years' experience and has successfully delivered 13 FPSO projects and 50 turrets and offshore terminals. BW Offshore's technology division APL has delivered solutions for production vessels, storage vessels and tankers in a wide range of field developments. Adapting through competence, in-house technology, solid project execution and operational excellence, BW Offshore ensures that customer needs are met through versatile solutions for offshore oil and gas projects. BW Offshore has a global network with offices in Europe, Asia Pacific, West Africa and the Americas. BW Offshore has 1,100 employees and is listed on the Oslo Stock Exchange. For more information, please visit www.bwoffshore.com and www.apl.no.