BW Offshore: Notification of trade

04 Apr 2025 17:50 CEST

Notification of trade

With reference to stock exchange releases dated 8 April 2019 and 5 April 2024.

In relation to BW Offshore's (the "Company") Long-Term Incentive Programme
(LTIP) adopted in 2019, the Company's exposure relating to the 2019 award was
hedged by a Total Return Swap ("TRS") agreement with financial exposure to
1 732 000 shares in BW Offshore.

The Company has today settled the TRS agreement underlying 1 732 000 shares in
BW Offshore expiring 4 April 2025. The Company has subsequently entered into a
new TRS agreement with exposure to the same number of underlying shares in BW
Offshore with expiry date 4 July 2025 and a TRS price of NOK 28.45 per
underlying share.

For further information, please contact:
Ståle Andreassen, CFO, +47 91 71 86 55
IR@bwoffshore.com or www.bwoffshore.com

About BW Offshore:
BW Offshore engineers innovative floating production solutions. The Company has
a fleet of 2 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 1,100 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