(Singapore, 22 December 2021)

With reference to a press release dated 8 December 2021, BW LPG Limited ("BW
LPG", The "Company", OSE Ticker Code "BWLPG.OL") today announces that Maas
Capital Shipping B.V. (Maas Capital) has entered into an agreement to acquire a
minority stake in BW LPG India, a subsidiary of the Company. Following this
transaction, BW LPG will own approximately 67% in BW LPG India.

BW LPG India is the largest owner and operator of India-flagged Very Large Gas
Carriers (VLGCs). The fleet comprises eight modern VLGCs which are maintained to
world-class standards. The fleet is technically managed by Synergy Group, and
commercially and operationally managed by Synergy Group and BW LPG. This
arrangement allows BW LPG India to tap on the international expertise of the
Company, while remaining committed to investing locally in India.

Anders Onarheim, CEO of BW LPG says, "On behalf of the team, we warmly welcome
Maas Capital onboard BW LPG India. We see tremendous potential in the country,
and we look forward to seizing opportunities with Maas Capital alongside. This
partnership will also allow us to look beyond traditional LPG shipping, and into
LPG infrastructure opportunities where we see significant upsides as a first
mover".

Mark Ras, Head of Maas Capital says, "We are pleased to partner BW LPG in the
fast-growing Indian market for the LPG segment. We are ready to support BW LPG
India's ambitious growth strategy, and we see this as a continuation of our aim
to invest in quality companies for our maritime portfolio".

Maas Capital is one of the world's leading institutional shipping equity
investors. Its portfolio includes controlling and non-controlling stakes in
shipping, intermodal and offshore services related assets.

DNB Markets and Pareto Securities are acting as financial advisors to BW LPG and
Watson Farley & Williams is acting as legal advisor to Maas Capital on this
transaction.


For further information, please contact:

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


Iver Baatvik
Head of Corporate Development and Investor Relations
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, a leading global maritime company involved
in shipping, floating infrastructure, deepwater oil & gas production, and new
sustainable technologies. BW Group controls a fleet of over 420 ships
transporting crude oil, oil products, and dry commodities, and comprises one of
the largest gas fleets in the world with over 190 LNG and LPG vessels.

This information is subject to disclosure requirements pursuant to Section 5-12
of the Norwegian Securities Trading Act.