NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN UNITED STATES,
CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION IN WHICH THE DISTRIBUTION OR
RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. 

(Singapore, 12 June 2023)

BW LPG Limited (the "Company") hereby launches a tender offer to purchase shares
in the Company for an amount up to the equivalent of USD 25-50 million (the
"Offering"). The Offering will be conducted as a reverse bookbuilding process in
which shareholders can submit sales offers.

The Company intends to acquire the share equivalent of USD 25-50 million,
subject to offer demand and prices and as further determined by the Company's
board. The Company reserves the right, at its own discretion, to acquire fewer
shares or no shares at all in the Offering. 

The purchase of shares will not impact previously announced dividend guidance.
The purpose of the Offering is to cancel the shares acquired in the Offering.

The Company has mandated DNB Markets, a part of DNB Bank ASA as sole bookrunner.


All shareholders in the Company are invited to sell shares in the Offering,
subject to the restrictions set out herein. Shareholders wanting to sell shares
in the Offering are required to complete and send the attached acceptance form
to DNB Markets at demand@dnb.no before the end of the Application Period (as
defined below). Existing customers of DNB Markets can also contact DNB Markets
at +47 24 16 90 20 with their respective volume and price targets. 

The Offering will be carried out by means of a reverse book building process
where the Company, through DNB Markets, will receive offers for desired
volume(s) at desired price(s) for sale from the shareholders. The Company
reserves the right to, at its own discretion, accept any volume up to an
accepted price, or to reject all received offers in the contemplated Offering.
The Company may further, at its sole discretion terminate or withdraw the
Offering at any time until the time of completion of the Offering.

The application period for tendering shares in the Offering commences at 09:00
hours (CEST) on 12 June 2023 and is expected to close at 16:30 hours (CEST) on
14 June 2023 (the "Application Period"). The final price offered by the Company
and the allocation of tendered shares are expected to be resolved by the Company
on or about 15 June 2023, the trade date is expected to be on or about 15 June
2023 and the settlement date is expected to be on or about 19 June 2023. The
settlement will either be conducted on a normal delivery-versus-payment basis
(DVP) or through the VPS system. The Company reserves the right to extend the
Application Period at its own discretion. If the Application Period is extended
the other dates referred to herein may be amended accordingly.

The Company will, depending on the prices and volumes shown by selling
shareholders and subject to the restrictions set out herein and applicable
legislation, allocate shares at its discretion with the equal treatment of
shareholders as the primary objective.

The Company currently has 141,938,998 shares outstanding. Prior to the Offering,
the Company holds 9,554,003 own shares.


For further information, please contact:  

Anders Onarheim
Chief Executive Officer 
E-mail: anders.onarheim@bwlpg.com 

Iver Baatvik
Interim Chief Financial Officer 
Head of Investor Relations and Corporate Development
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,
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 www.bwlpg.com. 

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.

IMPORTANT NOTICE 

The Offering will be carried out in accordance with applicable laws and
regulations and information pertaining to the Offering will be disclosed by way
of stock exchange notices. 

The information contained herein about the Offering is considered to be inside
information pursuant to the EU Market Abuse Regulation (MAR) and is subject to
the disclosure requirements pursuant to MAR article 17 and section 5-12 of the
Norwegian Securities Trading Act. This stock exchange release was published by
Lisa Lim, Head of Corporate Communications, BW LPG Limited on 12 June 2023 at
08:00 hours (CEST). 

Shareholders considering to tender their shares in the Offering are advised to
consult with their own tax advisers with respect to the tax position in their
country of residence or other jurisdictions to which they may have a tax
liability as a result of a sale of shares in the Offering. 

The Offering and the distribution of this announcement and other information in
connection with the Offering may be restricted by law in certain jurisdictions
(including, but not limited to, the United States, Canada, Australia and Japan).
None of the Company or the Manager assume any responsibility in the event there
is a violation by any person of such restrictions. This includes shareholders
who have changed their domicile to such jurisdictions but which may access their
VPS accounts. Persons into whose possession this announcement or relevant
information should come are required to inform themselves about and to observe
any such restrictions. The Offering is not being made directly or indirectly in,
or by use of the mails of, or by any means or instrumentality of interstate or
foreign commerce of, or any facilities of a national securities exchange of, the
United States of America, its territories and possessions, any State of the
United States and the District of Columbia (the "United States") or any other
jurisdiction in which this would be unlawful, require registration or other
measures. This includes, but is not limited to, facsimile transmission, internet
delivery, e-mail and telephones. Copies of this release and any related
documents are not being, and must not be, mailed, e-mailed or otherwise
distributed or sent in or into the United States or any such jurisdiction and so
doing may invalidate any purported acceptance.