BW Offshore: Update on financing arrangements

15 Oct 2025 15:10 CEST

Update on financing arrangements

In order to optimise its current financing structure, BW Offshore Limited (the
"Company") has been in dialogue with certain bondholders to ensure alignment of
certain of its financial covenants in the outstanding bond (BWO06, ISIN
NO0013077560) to its other senior debt facilities. Based on the feedback
received, the Company has decided not to proceed with the contemplated
amendments of BWO06.

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 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 900 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

657247_Contemplated amendments to BWO06.pdf