Management Share Option Plan “LTIP 2017” – Exercise of options and sale of shares by primary insiders

09 Mar 2023 09:56 CET

(Singapore, 9 March 2023)

On 8 March 2023, primary insiders of the Company have exercised vested options
granted under LTIP 2017 and sold shares in BW LPG in the market in a joint sale.
The exercised options will be settled by the Company by transfer of treasury
shares which the Company has bought in the market for this purpose. Following
the transfer, the Company will hold 9,201,834 treasury shares.

The total number of options and shares held by the relevant primary insiders
following the exercise and share sale are as set out below:

Niels Rigault, Executive Vice President, Commercial
Options (granted in 2020) exercised, each having a strike price of NOK 32.5779:
113,600
Options held following the option exercise: 354,894
Total number of shares held following the option exercise: 113,600
Number of shares sold: 113,600
Average price sold at: NOK 88.188 per share
Number of shares held following the sale: 0

Elaine Ong, Chief Financial Officer
Options (granted in 2020) exercised, each having a strike price of NOK 32.5779:
85,200
Options held following the option exercise: 255,528
Total number of shares held following the option exercise: 85,200
Number of shares sold: 85,200
Average price sold at: NOK 88.188 per share
Number of shares held following the sale: 0

Please refer to the attached for further details.


For further information, please contact:

Elaine Ong, CPA, CFA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Investor Relations and Corporate Development
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com


About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and
operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over
3 million CBM. With five decades of operating experience in LPG shipping and
experienced seafarers and staff, BW LPG offers a flexible and reliable service
to customers. More information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global maritime company involved
in shipping, floating infrastructure, deepwater oil & gas production, and new
sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of
over 490 vessels transporting oil, gas and dry commodities, with its 200 LNG and
LPG ships constituting the largest gas fleet in the world. In the renewables
space, the group has investments in solar, wind, batteries, biofuels and water
treatment.

This information is subject to disclosure requirements pursuant to Section 5-12
of the Norwegian Securities Trading Act and article 19 of the EU Market Abuse
Regulation.

More information:
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584671_2023-03-08 MAR Forms Exercise and sale of options.pdf