BW Energy: Fixed Income Investor Meetings 

06 Jun 2025 07:30 CEST

Fixed Income Investor Meetings

06 June 2025


BW Energy has engaged Pareto Securities as Global Coordinator together with
Arctic Securities as Joint Bookrunners to arrange a series of fixed income
investor meetings. Fearnley Securities and Sparebank1 Markets are acting as Co-
Managers. Subject to inter alia market conditions and acceptable terms, a new
senior unsecured bond issue of USD 300 million with a tenor of five years may
follow. The purpose of the bond issue is for general corporate purposes. Holders
of BWE01 bonds will be offered to roll-over their bonds into the new
contemplated bond issue.

BW Group (76.5% shareholder and primary insider through Mr. Andreas Sohmen-Pao)
has the intention to subscribe and be allocated USD 100 million in the new bond
including roll-over of USD  38.5 million of their existing BWE01 bonds. CEO Carl
Arnet will also subscribe and be allocated USD 2.5 million in the new bond
including roll-over of USD 2 million of his existing BWE01 bonds.


For further information, please contact:
Brice Morlot, CFO BW Energy
+33.7.81.11.41.16
ir@bwenergy.no (mailto:ir@bwenergy.no)

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 599 million barrels of oil equivalent at the start of 2025.

This information is considered inside information pursuant to the EU Market
Abuse Regulation and is subject to the disclosure requirements pursuant to
Section 5-12 the Norwegian Securities Trading Act. This stock exchange release
was published by Regine Andersen, 06 June 2025

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