Dividend information

Dividend information

Reference is made to the Q1 2023 Presentation released 24 May 2023.

BW Offshore Limited (“BW Offshore”) provides the following key information relating to its cash dividend and dividend in-kind for Q1 2023.

Cash dividend:
Cash dividend amount: USD 0.035 per share

Declared currency: USD

Dividend in-kind:
Type of dividend: Shares in BW Energy Limited (“Dividend Shares”), which will be delivered to the VPS account on which the respective eligible BW Offshore shareholders hold their shares in BW Offshore.

Total value of Dividend Shares: Approximately USD 5,000,000

Price per Dividend Shares: NOK 28.05 (5-days volume weighted average price (VWAP) end of 22 May 2023)

USDNOK: 10.882 (22 May 2023)

Dividend Shares per BW Offshore share: 0.0107 (rounded downwards to the nearest whole number of Dividend Shares)

Maximum number of Dividend Shares to be distributed: 1,939,943

Timeline:
Date of approval: 23 May 2023

Last day inclusive: 25 May 2023

Ex-date: 26 May 2023

Record date: 30 May 2023

Dividend payment date and delivery of Dividend Shares to shareholders: On or about 6 June 2023

This information is published in accordance with the requirements of the Continuing Obligations.

IR@bwoffshore.com   www.bwoffshore.com

About BW Offshore:
BW Offshore engineers innovative floating production solutions. The Company has a fleet of 8 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 2,000 employees and is publicly listed on the Oslo stock exchange.

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