22 December 2020

Disclosure of Major Shareholding in Avance Gas Holding

(Singapore, 22 December 2020)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) has purchased 5,900,000 shares in Avance Gas Holding Ltd (OSE ticker code: "AGAS") on 21 December 2020, which represents 9.14% of shares and voting rights. Following this transaction, BW LPG owns 5,900,000 shares (9.14%) in Avance Gas Holding Ltd.

For further information, please contact:

Anders Onarheim
Chief Executive Officer
E-mail: anders.onarheim@bwlpg.com

Elaine Ong
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

About BW LPG

BW LPG is the world's leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, one of the world's leading shipping groups. BW Group controls a fleet of over 360 ships which includes product tankers, LNG and LPG carriers, floating storage and regasification (FSRU) units, dry cargo carriers, crude oil supertankers and floating production storage and offloading (FPSO) units.

This information is subject to disclosure requirements pursuant to Section 4-3 of the Norwegian Securities Trading Act.