AS OF 10 Jan, 2019

No. of Shares% of Shares IssuedName
66,774,611 47.04BW Group Ltd.
7,193,312 5.07 Columbia Management Investment Advisers LLC
5,687,349 4.01Capital Guardian Trust Co.
4,684,641 3.30First Fondene AS
3,921,255 2.76Dimensional Fund Advisors LP
2,587,988 1.82KLP Kapitalforvaltning AS
2,380,000 1.68Handelsbanken Fonder AB
2,307,750 1.63DNB Asset Management AS
2,284,000 1.61Wydler Asset Management AG
2,138,196 1.51Artemis Investment Management LLP
1,907,840 1.34The Vanguard Group, Inc.
1,872,492 1.32Pareto Asset Management AS
1,485,719 1.05Global X Management Co. LLC
1,485,719 1.05Mirae Asset Global Investments Co., Ltd.
1,462,616 1.03Nordea Investment Management AB (Norway)
1,272,232 0.90Mediolanum Asset Management Ltd.
1,104,451 0.78Invesco Asset Management Ltd.
1,019,366 0.72BlackRock Fund Advisors
989,609 0.70Fidelity Management & Research Co.
811,560 0.57CQS (UK) LLP

BW LPG does not, on a regular basis, publish a list of beneficial owners based on the list of the 20 largest shareholders. Information on the identity of beneficial owners is not easily obtained, but the Company may in due course endeavour to publish this list, while considering applicable laws and regulations.