Annual Overview

Issuers of listed transferable securities are required to provide Oslo Stock Exchange with an annual statement of information made available to the public. Please see the attached document for the annual overview for BW Offshore Limited.

All notices, including attachments, are available from www.bwoffshore.com and www.newsweb.no.

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. With the acquisition of Prosafe Production in 2010, the company has become the world's second largest contractor with a fleet of 14 FPSOs and 1 FSO represented in all major oil regions world-wide. BW Offshore has an excellent track record on project execution and operations, as well as a robust balance sheet and strong financial capabilities. In 30 years of production, BW Offshore has successfully executed more than 30 FPSO and FSO projects. The company is listed on the Oslo Stock Exchange. Further information is also available on www.bwoffshore.com