09 June 2015

Estimates of vessel employment for Q2 2015

(Singapore, 09 June 2015)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) hereby presents its estimates for employment of its vessels by contract type in Q2 2015.

BW LPG has seen continued strong deployment of vessels under COA contracts in the second quarter of 2015, supporting solid commercial utilisation during the period.

Projected revenue days by contract type for Q2 2015 are now as follows:

VLGC Days

Qtr

% of Total

Total ship days

2,977

To be fixed

245

8.20%

Voyage

529

17.80%

COA-spot

261

8.80%

COA-fixed

1,086

36.50%

TC-fixed

805

27.10%

Non-revenue earning*

-

0.00%

Technical offhire

51

1.70%

LGC Days

Qtr

% of Total

Total ship days

455

To be fixed

19

4.10%

Voyage

71

15.60%

COA-spot

-

0.00%

COA-fixed

-

0.00%

TC-fixed

348

76.60%

Non-revenue earning*

-

0.00%

Technical offhire

17

3.70%

*Non-revenue earning days are those days where a vessel is technically available for hire but not earning revenue, e.g. no available fixtures; delivery from yard to first charter; redelivery of vessel on completion of charter-in.

For further information, please contact:

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 38 gas carriers with a total carrying capacity of close to 3 million cbm and a further 672,000 cbm of capacity on order in Korea. With more than 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.

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