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.

Reference is made to the notice issued on 12 June 2023, where BW LPG Limited
(the "Company") launched an offer to purchase shares in the Company through a
reverse book building process (the "Offering). The application period expired at
18:00 hours (CEST) on 14 June 2023.

Following the end of the application period, the Company has resolved to buy
956,222 shares at a price of NOK 108.00 per share. This equates to about USD
9.7million in total. All tenders with limits at or below NOK 108.00 have been
allocated in full.

Anders Onarheim, BW LPG CEO, says: "Despite the somewhat limited interest in
tendering, we are happy with the results and that shareholders were given the
opportunity to get liquidity. The price represents a material discount to the
NAV based on conservative book values and as estimated by the analyst community.
 Buy backs remain an attractive option for the company to enhance shareholder
values and this leaves ample room for further buy backs going forward." 

Allocation notifications will be sent to shareholders having tendered shares in
the Offering 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 be conducted on a normal delivery-versus-payment basis
(DVP) or through the VPS system. 

Following settlement of the Offering, the Company will own 10,510,225 shares in
the Company. The Company currently has 141,938,998 shares outstanding. 
 

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 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
Iver Baatvik, Interim CFO, BW LPG Limited on 15 June 2023 at 08:49 (CEST)

Shareholders tendering 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.