(Singapore, 4 January 2017) Pursuant to the Company's share incentive scheme for its top management, BW LPG issues shares to its Chief Executive Officer (CEO) Martin Ackermann, Chief Financial Officer (CFO) Elaine Ong and Senior Vice President for Technical and Operations Pontus Berg. The issuance of shares relates to the Company's share performance under its shares incentive scheme for the year 2015, with deferred shares being issued at the start of 2017 and 2018, respectively. The shares issued on 3rd January are priced at NOK 37.28. Details of the number of shares issued are as follows. Martin Ackermann Current number of shares: 150,000 Number of shares issued on 3 Jan 2017: 806 Number of shares issued in Jan 2018: 805 Total number of shares including the deferred shares: 151,611 Elaine Ong Current number of shares: 4340 Number of shares issued on 3 Jan 2017: 645 Number of shares issued in Jan 2018: 645 Total number of shares including the deferred shares: 5630 Pontus Berg Current number of shares: 0 Number of shares issued on 3 Jan 2017: 748 Number of shares issued in Jan 2018: 747 Total number of shares including the deferred shares: 1495 For further information, please contact: Elaine Ong, CPA, CA Chief Financial Officer Tel: +65 6705 5506 Email: elaine.ong@bwlpg.com John Papaioannou, CFA Senior Manager, Strategy & Investor Relations Tel: +65 6705 5514 Email: john.papaioannou@bwlpg.com About BW LPG BW LPG is the world's leading owner and operator of LPG vessels. BW LPG currently owns and operates 43 Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) with a total carrying capacity of over 3.1 million cbm. In addition, BW LPG has 4 VLGC newbuildings under construction. With four decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. BW LPG is associated with BW Group, one of the world's leading shipping groups. BW Group is involved in oil and gas transportation, floating gas infrastructure, environmental technologies and deep-water production. This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.