Notification of trade

With reference to stock exchange release dated 8 April 2019.

In  relation  to  BW  Offshore's  (the  "Company") Long-Term Incentive Programme
(LTIP)  adopted in 2019, the  Company's exposure relating  to the 2019 award was
hedged  by  a  Total  Return  Swap  ("TRS") agreement with financial exposure to
1 732 000 shares in BW Offshore.

The  Company has today settled the  TRS agreement underlying 1 732 000 shares in
BW  Offshore expiring 30 March 2023. The Company has subsequently entered into a
new  TRS agreement with exposure  to the same number  of underlying shares in BW
Offshore  with  expiry  date  5 April  2024 and  a  TRS  price  of NOK 31.42 per
underlying share.

In  February  2020 the  Company  executed  an  initial  public  offering  of the
subsidiary  BW Energy  Limited. As  part of  the listing,  BW Energy shares were
distributed  to eligible  BW Offshore  shareholders, including shares underlying
the  TRS agreement. As a result, a  total of 353 425 BW Energy shares which were
distributed  in connection  with the  listing to  the shares  underlying the TRS
agreement, were separated out in a separate TRS agreement.

The  Company has today settled the TRS agreement underlying 353 425 shares in BW
Energy  expiring 30 March 2023. BW Offshore has  subsequently entered into a new
TRS agreement with exposure to the same number of underlying shares in BW Energy
with expiry date 5 April 2024 and a TRS price of NOK 27.92 per underlying share.

For further information, please contact:
Ståle Andreassen, CFO, +47 91 71 86 55
Anders S. Platou, Head of Corporate Finance & Strategy, +47 99 50 47 40

IR@bwoffshore.com or www.bwoffshore.com

About BW Offshore:
BW Offshore engineers innovative floating production solutions. The Company has
a fleet of 9 FPSOs with potential and ambition to grow. By leveraging four
decades of offshore operations and project execution, the Company creates
tailored offshore energy solutions for evolving markets world-wide. BW Offshore
has around 2,000 employees and is publicly listed on the Oslo Stock Exchange.

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