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Mandatory notifications of trade by primary insiders and close associates

Mandatory notifications of trade by primary insiders and close associates

Reference is made to the stock exchange announcements published by BW Offshore Limited on 27 May 2022 and 10 June 2022 regarding the payment of a dividend in-kind of 0.00890114228042 shares in BW Energy Limited ("BW Energy") per share in BW Offshore Limited.

Please see the attached notifications of trading for information of the transactions concerning primary insiders in BW Energy and their close associates in connection with the dividend distribution.

For further information, please contact:

Knut R. Sæthre, CFO BW Energy,
+47 91 11 78 76
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 main assets are 73.5% of the producing Dussafu Marine Permit offshore Gabon and a 95% interest in the Maromba field in Brazil, both operated by the Company. Total net 2P+2C reserves were 241 million barrels at the start of 2022.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

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