BW Epic Kosan Ltd. (ticker "BWEK", "BW Epic Kosan" or the "Company") today
announced its unaudited financial and operating results for the first quarter
ended 31 March 2023. 

Q1 2023 highlights

- Net profit of $12.0 million 
- EBITDA of $33.4 million
- ROE 9.7% / ROCE 7.2% 
- Cash of $97.4 million

Charles Maltby, Chief Executive Officer of BW Epic Kosan, commented:

"The stronger market combined with an increase in average vessel capacity, and
effective cost management has helped us deliver a first quarter net profit of
$12 million, a 31% year on year increase, with the stronger markets continuing
into the second quarter."

Conference Call and Slide Presentation

A live Zoom meeting to discuss these results is scheduled for 25 May 2023 at
07:00 AM (New York) / 01:00PM (Oslo) / 07:00PM (Singapore).

A slide presentation will be shared during the Zoom meeting and will be
accessible on the Investor Relation page of the Company's website. www.bwek.com

Please register in advance for this webinar via the following link: 

https://tinyurl.com/BWEKQ12023EP

After registering, you will receive a confirmation email containing information
about joining the webinar. A replay will be available shortly after the
conclusion of the live event on the Investor Relations page of the Company's
website.

Please refer to the attached earnings release and presentation.

BW Epic Kosan Ltd.
www.bwek.com
ir@bwek.com