BW LPG Limited: Management Share Option Plan “LTIP 2022” – Award and Exercise of Share Options

06 Mar 2026 10:43 CET

Singapore, 6 March 2026

On 3 March 2026, the Board of Directors of BW LPG Limited (“BW LPG" or the
"Company", OSE ticker code: "BWLPG.OL", NYSE ticker code "BWLP) has approved the
award of share options to senior management and certain employees of the
Company.

This is the final annual award of share options under the five-year long-term
management share option plan (“LTIP 2022”) which was launched on 1 March 2022.
The options are awarded in connection with the publication of the quarterly
report for Q4 2025 and the total number of options that are awarded in 2026 is
506,631.

On 4 March 2026, certain primary insiders have exercised vested share options.
The exercised options will be settled by the Company by transfer of treasury
shares which the Company has bought in the market for this purpose. Following
the transfer, the Company will hold 7,467,396 treasury shares.

Please find more details as described below and in the attached forms.

Kristian Sorensen, Chief Executive Officer
Options granted in 2026: 220,647
Options (granted on 28 February 2023) exercised, each having a strike price of
NOK 32.192: 120,647
Options (granted on 1 October 2023) exercised, each having a strike price of NOK
85.907: 100,000

Samantha Xu, Chief Financial Officer
Options granted in 2026: 85,000

Prodyut Banerjee, Chief Operations Officer
Options granted in 2026: 50,812
Options (granted in 2023) exercised, each having a strike price of NOK 32.192:
50,812

Knut-Helge Knutsen, Chief Technical Officer
Options granted in 2026: 50,812
Options (granted in 2023) exercised, each having a strike price of NOK 32.192:
50,812


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, with a fleet of
about 50 Very Large Gas Carriers (VLGCs), including 22 vessels powered by LPG
dual-fuel propulsion technology. Building on over five decades of LPG shipping
experience, the company is strengthened by an in-house LPG trading division and
the commercial expertise to explore investments in value chain assets. Together,
these capabilities enable BW LPG to provide trusted and reliable services for
sourcing and delivering LPG to customers worldwide. Delivering energy for a
better world – more information about BW LPG can be found at 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 450 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, 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

667712_2026-03-06 MAR Forms - Award & Exercise of options.pdf