Regulatory

Oslo Børs – BWLPG – New security is quoted as from 21.11.2013

Reference is made to earlier announcements from the 
company related to listing of BW LPG Limited on 
Oslo Børs. 

New security is quoted as from 21.11.2013 with the 
following details:

Name: BW LPG Limited
Ticker: BWLPG
Instrument ID: 1300695
ISIN: BMG173841013
Segment: OBNW
Country of register: NO - Norway
Trading Currency: NOK
Exchange Market Size (EMS):300
Face value: USD 0.01
Number of shares for listing: Will be announced 
tomorrow before CET 09:00

BW LPG Limited is classified as "10102040 - Oil & Gas 
Storage & Transportation" in GICS (Global Industry 
Classification Standard)

Important notice in connection with listing of shares 
in BW LPG on Oslo Børs:

The listing of the Shares in the Company will take 
place in conjunction with an Offering of new Shares 
by the Company and existing Shares by BW Group 
Limited (the Selling Shareholder). 

Pricing and allocation of the Offering is expected to 
take place on 20 November 2013. To facilitate 
settlement of the Shares to be sold in the Offering, 
it is expected that the Managers will enter into a 
Purchase Agreement with the Company and the Selling 
Shareholder on 20 November 2013.

It is expected that trading in the Shares in the 
Company on Oslo Børs will commence on an "if sold/if 
issued" basis on 21 November 2013, and that 
unconditional trading in the Shares will 
commence on 26 November 2013. In the first three days 
of trading (i.e. in the period expected to be from 
and including 21 November 2013 to and including 25 
November 2013), all trading in the Shares in 
the Company will be conditional upon (a) 
certain "force majeure" events not occurring and 
resulting in termination of the Purchase Agreement 
by the Managers, and/or (b) the Purchase Agreement 
not being terminated due to default by one or more of 
the Managers.

Should the Managers invoke the termination provisions 
at or prior to commencement of unconditional trading 
(expected to take place on 26 November 2013), 
any trades in the Shares carried out in the period 
will be cancelled and such trades will accordingly 
not be settled. The Managers may not invoke the 
termination provisions after 18:00 hours (CET) on 25 
November 2013.