BW OFFSHORE: COMPLETION OF REVERSE SHARE SPLIT

Following completion of the previously announced 50:1 reverse share split of the common shares of BW Offshore Limited (the "Company") and adjustment for fractional shares, the number of issued common shares of the Company is 184,956,320, par value USD 0.50 per share.

 
For further information, please contact:

IR@bwoffshore.com

About BW Offshore:

BW Offshore is a leading global provider of floating production services to the oil and gas industry. BW Offshore is the world's second largest contractor with a fleet of 14 FPSOs represented in all major oil regions world-wide. BW Offshore has a long track record on project execution and operations. In more than 30 years of production, BW Offshore has executed 38 FPSO and FSO projects. The company is listed on the Oslo Stock Exchange. Further information is also available on www.bwoffshore.com

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.