BW LPG enters into agreement for eight 90 cbm Panamax newbuildings with Hyundai Heavy Industries

30 May 2026 17:40 CEST

Singapore, 30 May 2026

BW LPG Limited ("BW LPG", the "Company", OSE ticker code: "BWLPG.OL"), the
world's leading owner and operator of LPG vessels, announces that it has
signed a contract for the construction of eight 90'cbm Panamax Very Large Gas
Carriers (VLGCs), for a total consideration of about US$940 million, subject
to the final technical specifications. The newbuildings are expected to be
delivered sequentially from the start of 2029 until the second quarter of
2030.

"This newbuilding series underpins our ongoing fleet renewal program,
supported by strong long-term fundamentals in the LPG market. Furthermore,
these Panamax newbuildings represent the most flexible design, enhancing our
scale, commercial and operational flexibility," says BW LPG's CEO Kristian
Sørensen.

For further information, please contact:
Kristian Sørensen, CEO
Samantha Xu, CFO
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 over 20 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 400 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 constitutes inside information pursuant to Article 7 of the
EU Market Abuse Regulation and is subject to the disclosure requirements set
out in Section 5-12 of the Norwegian Securities Trading Act. This stock
announcement was published by Aline Anliker, Head of Corporate Communications,
on 30 May 2026 at 5:40pm CEST.

More information:
Access the news on Oslo Bors NewsWeb site

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