BW ENERGY: MANDATORY NOTIFICATIONS OF TRADE

05 Sep 2024 16:30 CEST

BW ENERGY: MANDATORY NOTIFICATIONS OF TRADE

BW Group Limited ("BW Group") has acquired 5,440,887 shares in BW Energy Limited
("BW Energy") at a price of NOK 25 per share, and has agreed to sell the same
number of shares at the same price to BW Energy Holdings Limited ("BWE
Holdings"). Following these transactions BWE Holdings will own 197,343,997
shares (approximately 76.49%) in BW Energy. BW Group will not hold any shares in
BW Energy. BW Group and BWE Holdings are close associates of Andreas Sohmen-Pao,
Chairman of the board of directors of BW Energy. Please refer to the attached
notifications of trading for further details.


About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company's assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. In addition,
BW Energy holds approximately 6.6% of the common shares in Reconnaissance Energy
Africa Ltd. and a 20% non-operating interest in the onshore Petroleum
Exploration License 73 ("PEL 73") in Namibia. Total net 2P+2C reserves and
resources were 580 million barrels of oil equivalent at the start of 2024.

This information is published in accordance with the disclosure requirements in
Regulation EU 596/2014 (MAR) article 19, section 5-12 of the Norwegian
Securities Trading Act, and the Oslo Rule Book II.

More information:
Access the news on Oslo Bors NewsWeb site

627159_PDMR Appendix Notification of trade by close associate BWE Holdings Purchase of shares September 2024.pdf
627159_PDMR Appendix Notification of trade by close associate BW Group Purchase of shares September 2024.pdf
627159_PDMR Appendix Notification of trade by close associate BW Group Sale of shares September 2024.pdf