Management Share Option Plan “LTIP 2017” – Exercise of options and sale of shares by primary insider

(Singapore, 30 May 2023)

On 26 May 2023, Anders Onarheim, CEO of BW LPG Limited (“BW LPG” or the “Company”) has exercised vested options granted under LTIP 2017 and sold shares in BW LPG in the market. The exercised options will be settled by the Company by transfer of treasury shares which the Company has bought in the market for this purpose. Following the transfer, the Company will hold 9,554,003 treasury shares.

The total number of options and shares held by following the exercise and share sale are as set out below:

Anders Onarheim, Chief Executive Officer Options (granted in 2020) exercised, each having a strike price of NOK 1.6099: 186,304
Options held following the option exercise: 652,885 Total number of shares held following the option exercise: 236,304
Number of shares sold: 136,304
Average price sold at: NOK 98.8964 per share
Number of shares held following the sale: 100,000

This sale represents an effort by Mr Onarheim to adjust his personal portfolio and he continues to hold a large exposure of BW LPG shares after this sale. Please refer to the attached for further details.

For further information, please contact:

Anders Onarheim Chief Executive Officer

Iver Baatvik
Head of Investor Relations and Corporate Development

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, experienced employees and an in-house LPG trading division, BW LPG offers an integrated, flexible, and reliable service to customers.

More information about BW LPG can be found at BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of over 490 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, biofuels and water treatment.

This information is subject to the disclosure requirements pursuant to Article 19 of the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act.