MANDATORY NOTIFICATION OF TRADE – DISCLOSURE OF SHAREHOLDING

13 Dec 2022 07:54 CET

BW Epic Kosan Ltd. ("BW Epic Kosan" or the "Company") has today been informed
that BW Group Limited has sold 9,568,022 shares in BW Epic Kosan Ltd. to J.
Lauritzen A/S at a price per share of NOK 16.4795. By this transaction BW Group
Limited reduces its shareholding in the Company from 88,977,678 (55.80%) to
79,409,656 (49.80%) and is accordingly thereby passing the 50% ownership
threshold (ref section 4.3.1 of Euronext Growth Rule Book Part I).

J. Lauritzen A/S will as a result of the above transaction obtain a shareholding
of 9,568,022 (6.00%) in BW Epic Kosan. J. Lauritzen A/S’ subsidiary J. Lauritzen
Invest A/S holds 40,098,997 shares (25.15%) in BW Epic Kosan.

BW Group Limited is a close associate of Andreas Sohmen-Pao, the chairman of the
board of directors of BW Epic Kosan, and J. Lauritzen A/S is a close associate
of BW Epic Kosan board member Tommy Thomsen and Kristian Verner Mørch. The above
transaction is accordingly a notifiable transaction pursuant to Article 19 of
the Market Abuse Regulation. Further details are available in the attached
forms.

BW Epic Kosan Ltd.
www.bwek.com
ir@bwek.com

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577991_Attachement - PDMR notification BW Group.pdf
577991_Attachement - PDMR notification J. Lauritzen.pdf