Bermuda, 5 February 2007 - BW Offshore Limited has today acquired 4,415,000 shares in APL ASA, corresponding to approximately 10.1 percent of the shares and votes of APL ASA in exchange for 10,566,148 new shares in BW Offshore Limited, which implies an exchange ratio of approximately 2.39 shares in BW Offshore Limited for each share in APL ASA. Following this new share issue, BW Offshore Limited will have 260,566,148 shares in issue.Best regardsfor BW OffshoreJohnny DuedahlChief Controller Finance & Accounting DivisionTel +47 23 13 00 00DID +47 23 13 02 22Fax +47 23 13 00 08Mobile +47 982 06 833E-mail johnny.duedahl@bwoffshore.comWeb www.bwoffshore.comAddress PO Box 33 Skøyen, Drammensveien 149, 0212 Oslo, Norway
Following this new share issue, BW Offshore Limited will have 260,566,148 shares in issue.
Best regards
for BW Offshore
Johnny Duedahl
Chief Controller Finance & Accounting Division
Tel +47 23 13 00 00
DID +47 23 13 02 22
Fax +47 23 13 00 08
Mobile +47 982 06 833
E-mail johnny.duedahl@bwoffshore.com
Web www.bwoffshore.com
Address PO Box 33 Skøyen, Drammensveien 149, 0212 Oslo, Norway
