Mandatory notification of trade

Mandatory notification of trade

Reference is made to the stock exchange announcement on 31 March 2020, where BW Offshore Limited (“BW Offshore” or the “Company”) announced the initiation of a share buy-back programme under which the Company may repurchase common shares for a total consideration of up to USD 10 million.

The Company has on 29 April 2020 purchased 34 597 of its own shares from the market at an average price of NOK 24.22 per share. After this transaction the Company owns a total of 3 460 225 shares or 1.87% of the total number of issued shares.

For further information, please contact:
Ståle Andreassen, CFO, +65 97 27 86 47
Anders S. Platou, Head of Corporate Finance, +47 99 50 47 40

IR@bwoffshore.com or www.bwoffshore.com

About BW Offshore:

BW Offshore is a leading provider of floating production services to the oil and gas industry. The company also participates in developing proven offshore hydrocarbon reservoirs. BW Offshore is represented in all major oil and gas regions world-wide with a fleet of 15 owned FPSOs. The company has more than 35 years of production track record, having executed 40 FPSO and FSO projects. BW Offshore is listed on the Oslo Stock Exchange.

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