16 December 2016

Estimates of vessel employment for Q4 2016

(Singapore, 16 December 2016)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) hereby presents its estimates for employment of its vessels by contract type in Q4 2016.

Projected revenue days by contract type for Q4 2016 are now as follows:

Segment

VLGC

LGC

Q4 2016

% of Total

Q4 2016

% of Total

Total days (net of offhire)

3,322

388

Spot

1,846

56%

-

-

CoA

472

14%

-

-

Timecharter

1,004

30%

388

100%

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.