Regulatory

Clarification regarding TradeWinds article of 24 January 2014

BW LPG - Clarification regarding TradeWinds article of 
24 January 2014

Singapore, 28 January 2014

BW LPG refers to an article appearing in the 
TradeWinds newspaper of 24 January 2014. BW LPG wishes 
to clarify that the sale of the BW Hermes referred to 
therein is a sale of the vessel by the BW Group. BW 
LPG had committed the vessel for sale to the BW Group 
upon expiry of voyage commitments to Yara within 2013, 
at a price net of transactions costs equal to the 
carrying value of the asset in the 31 August 2013 
balance sheet of BW LPG, as had been disclosed in its 
IPO prospectus in various sections, viz. Section 3.1 
Business Overview, Section 11.1 Operating and 
Financial Overview and Section 15 The Reorganisation 
(clause 15.1(iv)).  The delivery of the vessel to the 
BW Group was concluded on 26 December 2013 in 
accordance with these disclosures. 

For further information, please contact:

Vijay Kamath
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
Email: vijay.kamath@bwlpg.com

Nicholas Gleeson
Chief Executive Officer
BW LPG Limited
Tel: +65 6705 5500
Email: nicholas.gleeson@bwlpg.com

ABOUT BW LPG

BW LPG is the world's largest very large gas carrier 
(VLGC) owner and operator based on number of VLGCs and 
by LPG carrying capacity. BW LPG owns and operates 36 
gas carriers with a total carrying capacity of about 3 
million cbm and a further 504,000 cbm of capacity on 
order in Korea. With 35 years 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.

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