BW OFFSHORE: MANDATORY NOTIFICATION OF TRADE

Carl K. Arnet, CEO of BW Offshore, has today purchased 50,000 shares in BW Offshore Limited of NOK 19.20 per share. Following this transaction, Mr. Arnet, directly and indirectly, holds 2,331,336 shares in BW Offshore Limited.

For further information, please contact:

Knut R. Sæthre, CFO, +47 9111 7876

IR@bwoffshore.com or www.bwoffshore.com

About BW Offshore:

BW Offshore is a leading global provider of floating production services to the oil and gas industry. BW Offshore has a fleet of 14 owned FPSOs and one FSO represented in all major oil & gas 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.

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