Purchase of Shares – Management Share Option Plan “LTIP 2017”

(Singapore, 6 March 2020)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) has purchased 167,560 of its own shares on 5 March 2020, at an average price of NOK 46.58 per share.

The shares were purchased in accordance with the Company’s Long-term Management Share Option Plan (“LTIP 2017”) (as further detailed in the announcement dated 28 February 2020). Details of the plan can be found in the following link: https://www.bwlpg.com/investor-centre/press-releases/detail/Management-Share-Option-Plan-LTIP2017

Following the transaction, BW LPG holds 3,656,041 of its common shares, representing 2.58% of the number of issued shares.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Investor Relations
BW LPG Limited
Tel: +65 6705 5519
E-mail: iver.baatvik@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 5-12 of the Norwegian Securities Trading Act.