BW LPG Limited - Management Share Option Plan “LTIP 2022” – Exercise of options and sale of shares by primary insiders

30 Aug 2024 10:37 CEST

(Singapore, 30 August 2024)

With reference to the press release on 15 July 2024 for the accelerated vesting
of options granted on 1 March 2022 under “LTIP 2022”, on 29 August 2024, primary
insiders of BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code:
“BWLPG.OL”, NYSE ticker code “BWLP”) have exercised these vested options and
sold shares in BW LPG in the market. More details about the accelerated vesting
of options can be found at:
https://www.bwlpg.com/media/press-release/bw-lpg-limited-accelerated-vesting-of-
ltip-2022-options/

The exercised options were settled by the Company by transfer of treasury
shares. Following the transfer, the Company will hold 7,743,557 treasury shares.

The exercise of vested options and sale of shares by the primary insiders are as
set out below:

Prodyut Banerjee, Vice President and Head of Operations
Options (granted in 2022) exercised, each having a strike price of NOK 0.7457:
24,840
Total number of shares held following the option exercise: 24,840
Number of shares sold: 24,840
Average price sold at: NOK 161.1115 per share
Number of shares held following the sale: 0

Knut-Helge Knutsen, Vice President and Head of Technical
Options (granted in 2022) exercised, each having a strike price of NOK 0.7457:
24,840
Total number of shares held following the option exercise: 24,840

Iver Baatvik, Vice President and Head of Corporate Development
Options (granted in 2022) exercised, each having a strike price of NOK 0.7457:
24,840
Total number of shares held following the option exercise: 24,840

Please refer to the attached for further details.


For further information, please contact:

Samantha Xu
Chief Financial Officer
E-mail: investor.relations@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, an
in-house LPG trading division and a growing presence in LPG terminal
infrastructure and distribution, BW LPG offers an integrated, flexible, and
reliable service to customers along the LPG value chain. More information about
BW LPG can be found at https://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:
Access the news on Oslo Bors NewsWeb site

626701_2024-08-29 Exercise and sale of shares.pdf