BW LPG exits investment in Confidence Petroleum India following sale of 8.50% equity stake

03 Jun 2026 08:00 CEST

Singapore, 3 June 2026

BW LPG Limited ("BW LPG" or the "Company", OSE ticker: "BWLPG.OL") announces
that it has completed the sale of its 8.50% equity stake in Confidence
Petroleum India Limited ("CPIL" or "Confidence", NSE Code: "CONFIPET", BSE
Code: "526829").

Following the announcement made on 20 May 2025 on BW LPG's cessation of
investment in infrastructure, we have exited our various infrastructure
partnership in India. Today, we sold our 8.5% equity position in CPIL and the
divestment marks the full exit of BW LPG as a shareholder in CPIL.

The investment in CPIL was classified as an equity investment. All fair value
changes were recognised before the sale and as such, the transaction has no
impact on the Company's profit or loss or total equity.

Kristian Sørensen, CEO of BW LPG says: "CPIL has played a meaningful role in
supporting the development of LPG infrastructure and distribution in India, a
market with strong and growing energy demand. As BW LPG divests its
non-controlling interest, we remain confident in CPIL's future and wish the
management team continued success in executing their strategy."

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 energy and maritime
company involved in shipping, deepwater oil & gas production, renewable energy
and digital infrastructure. BW controls a fleet of over 400 vessels
transporting oil, gas and dry commodities. In the infrastructure space, the
group operates in wind, batteries, water, subsea cable networks and data
centres. bw-group.com

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