BW Offshore: Dividend information

18 Nov 2022 07:45 CET

Dividend information

Reference is made to the Q3 2022 Presentation released 18 November 2022.

BW Offshore Limited ("BW Offshore") provides the following key information
relating to its cash dividend and dividend in-kind for Q3 2022.

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 27.21 (5-days volume weighted average price
(VWAP) end of 16 November 2022)

USDNOK: 9.9573 (16 November 2022)

Dividend Shares per BW Offshore share: 0.0101 (rounded downwards to the nearest
whole number of Dividend Shares)

Maximum number of Dividend Shares to be distributed: 1,829,562

Timeline:
Date of approval: 17 November 2022

Last day inclusive: 21 November 2022

Ex-date: 22 November 2022

Record date: 23 November 2022

Dividend payment date and delivery of Dividend Shares to shareholders: On or
about 30 November 2022

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

IR@bwoffshore.com (mailto:IR@bwoffshore.com)   www.bwoffshore.com
(http://www.bwoffshore.com)

About BW Offshore:
BW Offshore engineers innovative floating production solutions. The Company has
a fleet of 10 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

More information:
Access the news on Oslo Bors NewsWeb site