BW Offshore: Mandatory notification of trade

A close associate of BW Offshore's CEO Carl K. Arnet yesterday purchased 35,000 shares in BW Offshore Limited at NOK 1.37 per share. Following this transaction, Mr. Arnet and his close associates, directly and indirectly, hold 7,779,081 shares in BW Offshore Limited.

For further information, please contact:

Kristian Flaten, Vice President IR and Corporate Finance, +47 9509 2322

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. The company also operates additional 2 FPSOs. BW Offshore has a long track record on project execution and operations, as well as a robust balance sheet and financial capabilities. 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