BW Energy

[TekBot]

BW Energy: Reminder of expiry of the offer period for the mandatory offer to acquire all shares in bw energy limited

Reminder of expiry of the offer period for the mandatory offer to acquire all
shares in bw energy limited

…

Vis børsmeldingen

Reference is made to the mandatory offer by BW Group Limited (the “Offeror”) to
acquire all outstanding shares (“Shares”) in BW Energy Limited (“BW Energy” or
the “Company”) not already owned by the Offeror at an offer price of NOK 27.00
per share pursuant to the offer document (the “Offer Document”) dated 13
December 2023 (the “Offer”).

The offer period in the Offer (the “Offer Period”) will expire tomorrow, 12
January 2024, at 16:30 (CET).

Shareholders who want to accept the Offer, and have not already done so, must
complete and return the acceptance form which is included in in the Offer
Document, prior to the expiry of the Offer Period at 16:30 (CET) on 12 January
2024 and in accordance with the procedures outlined in the Offer Document. There
will be no extension of the Offer Period.

The Offer is only capable of being accepted pursuant to the Offer Document, and
the complete terms and conditions for the Offer are included in the Offer
Document. The Offer Document is, subject to regulatory restrictions in certain
jurisdictions, available at the following webpage:

Tilbud på BW Energy | DNB Markets

Subject to regulatory restrictions in certain jurisdictions, the Offer Document
may also be obtained free of charge during ordinary business hours at the
offices of the receiving agent, DNB Bank ASA, Dronning Eufemias gate 30, 0191
Oslo, Norway.

ADVISORS

DNB Markets, a part of DNB Bank ASA is acting as financial advisor and receiving
agent, and Advokatfirmaet Thommessen AS is acting as legal advisor, to the
Offeror.

For further information, please contact:

Sebastien Brochet, Group CFO

BW Group Limited

ea.cfo@bw-group.com

Important notice

The Offer and the distribution of this announcement and other information in
connection with the Offer may be restricted by law in certain jurisdictions. The
Offer Document and related acceptance forms are not and may not be distributed,
forwarded or transmitted into or within any jurisdiction where prohibited by
applicable law, including, without limitation, Canada, Australia and Japan. The
Offeror does not assume any responsibility in the event there is a violation by
any person of such restrictions. Persons in the United States should review
“Notice to U.S. Holders” below. Persons into whose possession this announcement
or such other information should come are required to inform themselves about
and to observe any such restrictions.

This announcement is for information purposes only and is not a tender offer
document and, as such, is not intended to and does not constitute or form any
part of an offer or the solicitation of an offer to purchase, otherwise acquire,
subscribe for, sell or otherwise dispose of any securities, or the solicitation
of any vote or approval in any jurisdiction, pursuant to the Offer or otherwise.
Investors may accept the Offer only on the basis of the information provided in
the Offer Document. Offers will not be made directly or indirectly in any
jurisdiction where either an offer or participation therein is prohibited by
applicable law or where any tender offer document or registration or other
requirements would apply in addition to those undertaken in Norway.

Shareholders of BW Energy must rely upon their own examination of the Offer
Document. Each shareholder should study the Offer Document carefully in order to
be able to make an informed and balanced assessment of the Offer and the
information that is discussed and described therein. Shareholders should not
construe the contents of this announcement as legal, tax or accounting advice,
or as information necessarily applicable to each shareholder. Each shareholder
should seek independent advice from its own financial and legal advisors prior
to making a decision to accept the Offer.

Notice to U.S. Holders

U.S. Holders (as defined below) are advised that the Shares are not listed on a
U.S. securities exchange and that the Company is not subject to the periodic
reporting requirements of the U.S. Securities Exchange Act of 1934, as amended
(the “U.S. Exchange Act”), and is not required to, and does not, file any
reports with the U.S. Securities and Exchange Commission (the “SEC”) thereunder.
The Offer will be made to holders of Shares resident in the United States (“U.S.
Holders”) on the same terms and conditions as those made to all other holders of
Shares of the Company to whom an offer is made. Any information documents,
including the Offer Document, will be disseminated to U.S. Holders on a basis
comparable to the method that such documents are provided to the Company’s other
Shareholders to whom an offer is made. The Offer will be made by the Offeror and
no one else.

The Offer is made to U.S. Holders pursuant to Section 14(e) and Regulation 14E
under the U.S. Exchange Act as a “Tier I” tender offer, and otherwise in
accordance with the requirements of Norwegian law. Accordingly, the Offer is
subject to disclosure and other procedural requirements timetable, settlement
procedures and timing of payments, that are different from those that would be
applicable under U.S. domestic tender offer procedures and law.

Pursuant to an exemption from Rule 14e-5 under the U.S. Exchange Act, the
Offeror and its affiliates or brokers (acting as agents for the Offeror or its
affiliates, as applicable) may from time to time, and other than pursuant to the
Offer, directly or indirectly, purchase or arrange to purchase, Shares or any
securities that are convertible into, exchangeable for or exercisable for such
Shares outside the United States during the period in which the Offer remains
open for acceptance, so long as those acquisitions or arrangements comply with
applicable Norwegian law and practice and the provisions of such exemption. To
the extent information about such purchases or arrangements to purchase is made
public in Norway, such information will be disclosed by means of an English
language press release via an electronically operated information distribution
system in the United States or other means reasonably calculated to inform U.S.
Holders of such information. In addition, the financial advisors to the Offeror
may also engage in ordinary course trading activities in securities of the
Company, which may include purchases or arrangements to purchase such
securities.

Neither the SEC nor any securities supervisory authority of any state or other
jurisdiction in the United States has approved or disapproved the Offer or
reviewed it for its fairness, nor have the contents of the Offer Document or any
other documentation relating to the Offer been reviewed for accuracy,
completeness or fairness by the SEC or any securities supervisory authority in
the United States. Any representation to the contrary is a criminal offence in
the United States.

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block in, a 95% interest in the Maromba field in Brazil and a
95%interest in the Kudu field in Namibia, all operated by BW Energy. Total net
2P+2C reserves and resources were 546 million barrels of oil equivalents at the
start of 2023, when including the Golfinho Clusters.

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

Kilde

[TekBot]

BW Energy: Q4 2023 trading update

Q4 2023 trading update

BW Energy, as the operator of the Dussafu Marine licence in Gabon and the
…

Vis børsmeldingen

Golfinho cluster offshore Brazil, provides an update on its operations and
development. The Company will publish financial figures for the fourth quarter
and full year of 2023 on Wednesday, 28 February 2024.

Gross production from the operated assets was 3,031,000 barrels of oil in
the?fourth quarter of 2023. This includes production from the Tortue and
Hibiscus fields in the Dussafu licence (73.5% working interest) and the first
full quarter of production from the Golfinho field after assuming 100% ownership
in August.

DUSSAFU

Gross production from the Dussafu licence averaged 22,500 barrels of oil per day
in the?quarter, amounting to a total gross production of 2,073,000 million
barrels of oil for the period. Production was impacted by the previously
communicated electrical issues affecting the ESPs’ (electrical submersible
pumps) on the Hibiscus field. BW Energy completed two liftings in the quarter,
one in October of approximately 960,000 barrels at a realised price of USD 90
per barrel and one in December of approximately 720,000 barrels at USD 75 per
barrel.

BW Energy’s share of gross production was approximately 1.3 million barrels of
oil. The net sold volume, which is the basis for revenue recognition in the
financial statement, was approximately 1.86 million barrels including 187,000
barrels of state profit oil with an over-lift position of 228,000 barrels at the
end of the period.

The Company has committed all necessary resources on identifying and resolving
the electrical integrity issues affecting the ESPs. Currently, the DHBM-6H well
is producing on natural flow. The DHBM-4H well is producing on ESP following
completion of a workover and ESP changeout, and preparations are ongoing for
restarting DHBM-3H well following a similar process. The programme of diagnosis,
repair and replacement of the ESPs is well underway.

GOLFINHO

Gross production from the Golfinho field averaged 10,400 barrels of oil per day
in the fourth quarter, amounting to a total production of 958,000 barrels in the
period. There were two liftings in the quarter, one in November of 521,500
barrels at a realised price of USD 84 per barrel and the second in December of
500,000 barrels at USD 77 per barrel, with remaining inventory of approximately
325,000 barrels at the end of the period

OTHER ITEMS

BW Energy had a cash balance of approximately USD 194 million on 31 December
2023, compared to USD 197.6 million on 30 September 2023. The decrease reflects
the net impact from oil sold in the period and investments, primarily related
the ongoing Hibiscus Ruche field development. The Company had a total drawn debt
balance of USD 380 million as of 31 December 2023 including the Golfinho
prepayment facility.

For further information, please contact:

Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76 ir@bwenergy.no ?

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block in, a 95% interest in the Maromba field in Brazil and a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. Total net
2P+2C reserves and resources were 546 million barrels of oil equivalents at the
start of 2023, when including the Golfinho Clusters.

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

Kilde

[TekBot]

BW Energy: Preliminary results of the mandatory offer to acquire all shares in bw energy limited

Preliminary results of the mandatory offer to acquire all shares in BW Energy
Limited

…

Vis børsmeldingen

Reference is made to the mandatory offer by BW Group Limited (the “Offeror”) to
acquire all outstanding shares (“Shares”) in BW Energy Limited (“BW Energy” or
the “Company”) not already owned by the Offeror at an offer price of NOK 27.00
per share pursuant to the offer document (the “Offer Document”) dated 13
December 2023 (the “Offer”). This action was taken in accordance with the
Norwegian Securities Trading Act which obliges a shareholder becoming owner of
shares representing 40% or more of the votes in the company to make an offer to
purchase the remaining shares in the company.

The offer period in the Offer (the “Offer Period”) expired at 16:30 (CET) on 12
January 2024.

At the expiry of the Offer Period, the Offeror had received acceptances of the
Offer amounting to 30,861,366 Shares, which taken together with the 103,202,470
Shares held by the Offeror at commencement of the Offer Period equals
134,063,836 Shares, representing approximately 51.96% of the issued share
capital and voting rights in the Company.

Andreas Sohmen-Pao, Chairman of BW Group, comments on the results, “We are
pleased to have fulfilled our legal obligation to make a mandatory offer to all
shareholders after crossing the 40% ownership threshold for BW Energy, and look
forward to continued efforts to build the company.”

Please note that the calculation of the number of Shares tendered in the Offer
is preliminary and is subject to change until the VPS accounts of the BW Energy
shareholders having accepted the Offer, are debited and such Shares having been
transferred to a settlement account of DNB Markets, a part of DNB Bank ASA (the
“Receiving Agent”). Furthermore, the final result of the Offer is subject to
customary verification by the Receiving Agent. The final result of the Offer
will be announced once confirmed by the Receiving Agent.

Settlement of the Offer will be made pursuant to the terms of the Offer Document
and will take place no later than 26 January 2024, being fourteen (14) calendar
days after the date of expiry of the Offer Period.

For further information on the Offer, refer to the Offer Document which, subject
to regulatory restrictions in certain jurisdictions, is available at the website
of the receiving agent, DNB Markets:

Tilbud på BW Energy | DNB Markets

Subject to regulatory restrictions in certain jurisdictions, the Offer Document
may also be obtained free of charge during ordinary business hours at the
offices of the receiving agent, DNB Bank ASA, Dronning Eufemias gate 30, 0191
Oslo, Norway.

ADVISORS

DNB Markets, a part of DNB Bank ASA is acting as financial advisor and receiving
agent, and Advokatfirmaet Thommessen AS is acting as legal advisor, to the
Offeror.

For further information, please contact:

Sebastien Brochet, Group CFO

BW Group Limited

ea.cfo@bw-group.com (mailto:ea.cfo@bw-group.com)

Important notice

The Offer and the distribution of this announcement and other information in
connection with the Offer may be restricted by law in certain jurisdictions. The
Offer Document and related acceptance forms are not and may not be distributed,
forwarded or transmitted into or within any jurisdiction where prohibited by
applicable law, including, without limitation, Canada, Australia and Japan. The
Offeror does not assume any responsibility in the event there is a violation by
any person of such restrictions. Persons in the United States should review
“Notice to U.S. Holders” below. Persons into whose possession this announcement
or such other information should come are required to inform themselves about
and to observe any such restrictions.

This announcement is for information purposes only and is not a tender offer
document and, as such, is not intended to and does not constitute or form any
part of an offer or the solicitation of an offer to purchase, otherwise acquire,
subscribe for, sell or otherwise dispose of any securities, or the solicitation
of any vote or approval in any jurisdiction, pursuant to the Offer or otherwise.
Investors may accept the Offer only on the basis of the information provided in
the Offer Document. Offers will not be made directly or indirectly in any
jurisdiction where either an offer or participation therein is prohibited by
applicable law or where any tender offer document or registration or other
requirements would apply in addition to those undertaken in Norway.

Shareholders of BW Energy must rely upon their own examination of the Offer
Document. Each shareholder should study the Offer Document carefully in order to
be able to make an informed and balanced assessment of the Offer and the
information that is discussed and described therein. Shareholders should not
construe the contents of this announcement as legal, tax or accounting advice,
or as information necessarily applicable to each shareholder. Each shareholder
should seek independent advice from its own financial and legal advisors prior
to making a decision to accept the Offer.

Notice to U.S. Holders

U.S. Holders (as defined below) are advised that the Shares are not listed on a
U.S. securities exchange and that the Company is not subject to the periodic
reporting requirements of the U.S. Securities Exchange Act of 1934, as amended
(the “U.S. Exchange Act”), and is not required to, and does not, file any
reports with the U.S. Securities and Exchange Commission (the “SEC”) thereunder.
The Offer will be made to holders of Shares resident in the United States (“U.S.
Holders”) on the same terms and conditions as those made to all other holders of
Shares of the Company to whom an offer is made. Any information documents,
including the Offer Document, will be disseminated to U.S. Holders on a basis
comparable to the method that such documents are provided to the Company’s other
Shareholders to whom an offer is made. The Offer will be made by the Offeror and
no one else.

The Offer is made to U.S. Holders pursuant to Section 14(e) and Regulation 14E
under the U.S. Exchange Act as a “Tier I” tender offer, and otherwise in
accordance with the requirements of Norwegian law. Accordingly, the Offer is
subject to disclosure and other procedural requirements timetable, settlement
procedures and timing of payments, that are different from those that would be
applicable under U.S. domestic tender offer procedures and law.

Pursuant to an exemption from Rule 14e-5 under the U.S. Exchange Act, the
Offeror and its affiliates or brokers (acting as agents for the Offeror or its
affiliates, as applicable) may from time to time, and other than pursuant to the
Offer, directly or indirectly, purchase or arrange to purchase, Shares or any
securities that are convertible into, exchangeable for or exercisable for such
Shares outside the United States during the period in which the Offer remains
open for acceptance, so long as those acquisitions or arrangements comply with
applicable Norwegian law and practice and the provisions of such exemption. To
the extent information about such purchases or arrangements to purchase is made
public in Norway, such information will be disclosed by means of an English
language press release via an electronically operated information distribution
system in the United States or other means reasonably calculated to inform U.S.
Holders of such information. In addition, the financial advisors to the Offeror
may also engage in ordinary course trading activities in securities of the
Company, which may include purchases or arrangements to purchase such
securities.

Neither the SEC nor any securities supervisory authority of any state or other
jurisdiction in the United States has approved or disapproved the Offer or
reviewed it for its fairness, nor have the contents of the Offer Document or any
other documentation relating to the Offer been reviewed for accuracy,
completeness or fairness by the SEC or any securities supervisory authority in
the United States. Any representation to the contrary is a criminal offence in
the United States.

This information is considered inside information pursuant to the EU Market
Abuse Regulation and is subject to the disclosure requirements pursuant to
Section 5-12 the Norwegian Securities Trading Act. This stock exchange release
was published by Regine Elisabeth Andersen, 14 January 2024

Kilde

[TekBot]

BW Energy: Disclosure of Shareholding

DISCLOSURE OF SHAREHOLDING

Reference is made to the mandatory offer by BW Group Limited (the “Offeror” or
…

Vis børsmeldingen

“BW Group”) to acquire all outstanding shares (“Shares”) in BW Energy Limited
(“BW Energy” or the “Company”) not already owned by the Offeror at an offer
price of NOK 27.00 per share pursuant to the offer document (the “Offer
Document”) dated 13 December 2023 (the “Offer”), and the announcement of the
preliminary results of the Offer published earlier today, 14 January 2024.

During 12 January 2024, being the last day of the offer period in the Offer, BW
Group received acceptances for 30,493,614 Shares. In total, BW Group received
acceptances of the Offer for 30,861,366 Shares. Following this BW Group holds
134,063,836 Shares in BW Energy, representing approximately 51.96% of the issued
share capital and voting rights in the Company.

Please note that the calculation of the number of Shares tendered in the Offer
is preliminary and is subject to change until the VPS accounts of the BW Energy
shareholders having accepted the Offer, are debited and such Shares having been
transferred to a settlement account of DNB Markets, a part of DNB Bank ASA (the
“Receiving Agent”). Furthermore, the final result of the Offer is subject to
customary verification by the Receiving Agent. The final result of the Offer
will be announced once confirmed by the Receiving Agent.

For further information, please contact:

Sebastien Brochet, Group CFO

BW Group Limited

ea.cfo@bw-group.com

This announcement is made in accordance with Section 4-2 of the Norwegian
Securities Trading Act.

Kilde

[TekBot]

BW Energy: Mandatory Notifications of Trade by Primary Insiders and Close Associates

MANDATORY NOTIFICATIONS OF TRADE BY PRIMARY INSIDERS AND CLOSE ASSOCIATES

Reference is made to the mandatory cash offer by BW Group Limited (the
…

Vis børsmeldingen

“Offeror”) to acquire all remaining shares in BW Energy Limited ("BW Energy or
the “Company”) for a price of NOK 27.00 per share (the “Offer”), announced in
the stock exchange announcement on 13 December 2023, and the announcement of the
preliminary results of the Offer published on 14 January 2024.

The Offeror is a close associate to a primary insider in the Company (the
primary insider is the chairman of the board of directors of the Company). The
Offeror is therefore pursuant to the disclosure requirements in article 19 of
the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of
the Norwegian Securities Trading Act required to disclose transactions made in
securities in the Company. This includes disclosing acceptances received in the
Offer on an ongoing basis.

Please see the attached notifications of trading for information on acceptances
received by the Offeror, as well as the attached notification of trading for
information on acceptances given by primary insider and CFO in BW Energy, Knut
Sæthre.

For further information, please contact:

Knut R. Sæthre, CFO BW Energy

+47 91 11 78 76

ir@bwenergy.no

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block in, a 95% interest in the Maromba field in Brazil and a
95%interest in the Kudu field in Namibia, all operated by BW Energy. Total net
2P+2C reserves and resources were 546 million barrels of oil equivalents at the
start of 2023, when including the Golfinho Clusters.

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

Kilde

[TekBot]

Financial calendar

Financial calendar for BW Energy Limited

FINANCIAL YEAR 2023
…

Vis børsmeldingen

28.02.2024 - Annual Report

28.02.2024 - Quarterly Report - Q4

FINANCIAL YEAR 2024

29.08.2024 - Half-yearly Report
27.02.2025 - Annual Report
23.05.2024 - Annual General Meeting

24.05.2024 - Quarterly Report - Q1
15.11.2024 - Quarterly Report - Q3
27.02.2025 - Quarterly Report - Q4

This information is published pursuant to the requirements set out in the Continuing obligations.

Kilde

[TekBot]

BW Energy: Final results of the mandatory offer to acquire all shares in BW Energy Limited

Final results of the mandatory offer to acquire all shares in bw energy limited

Reference is made to the mandatory offer by BW Group Limited (the “Offeror”) to
…

Vis børsmeldingen

acquire all outstanding shares (“Shares”) in BW Energy Limited (“BW Energy” or
the “Company”) not already owned by the Offeror at an offer price of NOK 27.00
per share pursuant to the offer document (the “Offer Document”) dated 13
December 2023 (the “Offer”), and to the announcement dated 14 January 2024 of
the preliminary results of the Offer following the expiry of the offer period
(the “Offer Period”) on 12 January 2024 at 16:30 (CET).

The Offer was accepted for a total of 30,589,179 Shares, which, taken together
with the 103,202,470 Shares held by the Offeror at commencement of the Offer
Period, equals 133,791,649 Shares, representing approximately 51.86 % of the
issued share capital and voting rights in the Company.

Settlement of the Offer will be made pursuant to the terms of the Offer Document
and will take place no later than 26 January 2024, being fourteen (14) calendar
days after the date of expiry of the Offer Period.

For further information on the Offer, refer to the Offer Document which, subject
to regulatory restrictions in certain jurisdictions, is available at the website
of the receiving agent, DNB Markets:

Tilbud på BW Energy | DNB Markets

Subject to regulatory restrictions in certain jurisdictions, the Offer Document
may also be obtained free of charge during ordinary business hours at the
offices of the receiving agent, DNB Bank ASA, Dronning Eufemias gate 30, 0191
Oslo, Norway.

ADVISORS

DNB Markets, a part of DNB Bank ASA is acting as financial advisor and receiving
agent, and Advokatfirmaet Thommessen AS is acting as legal advisor, to the
Offeror.

For further information, please contact:

Sebastien Brochet, Group CFO

BW Group Limited

ea.cfo@bw-group.com

Important notice

The Offer and the distribution of this announcement and other information in
connection with the Offer may be restricted by law in certain jurisdictions. The
Offer Document and related acceptance forms are not and may not be distributed,
forwarded or transmitted into or within any jurisdiction where prohibited by
applicable law, including, without limitation, Canada, Australia and Japan. The
Offeror does not assume any responsibility in the event there is a violation by
any person of such restrictions. Persons in the United States should review
“Notice to U.S. Holders” below. Persons into whose possession this announcement
or such other information should come are required to inform themselves about
and to observe any such restrictions.

This announcement is for information purposes only and is not a tender offer
document and, as such, is not intended to and does not constitute or form any
part of an offer or the solicitation of an offer to purchase, otherwise acquire,
subscribe for, sell or otherwise dispose of any securities, or the solicitation
of any vote or approval in any jurisdiction, pursuant to the Offer or otherwise.
Investors may accept the Offer only on the basis of the information provided in
the Offer Document. Offers will not be made directly or indirectly in any
jurisdiction where either an offer or participation therein is prohibited by
applicable law or where any tender offer document or registration or other
requirements would apply in addition to those undertaken in Norway.

Shareholders of BW Energy must rely upon their own examination of the Offer
Document. Each shareholder should study the Offer Document carefully in order to
be able to make an informed and balanced assessment of the Offer and the
information that is discussed and described therein. Shareholders should not
construe the contents of this announcement as legal, tax or accounting advice,
or as information necessarily applicable to each shareholder. Each shareholder
should seek independent advice from its own financial and legal advisors prior
to making a decision to accept the Offer.

Notice to U.S. Holders

U.S. Holders (as defined below) are advised that the Shares are not listed on a
U.S. securities exchange and that the Company is not subject to the periodic
reporting requirements of the U.S. Securities Exchange Act of 1934, as amended
(the “U.S. Exchange Act”), and is not required to, and does not, file any
reports with the U.S. Securities and Exchange Commission (the “SEC”) thereunder.
The Offer will be made to holders of Shares resident in the United States (“U.S.
Holders”) on the same terms and conditions as those made to all other holders of
Shares of the Company to whom an offer is made. Any information documents,
including the Offer Document, will be disseminated to U.S. Holders on a basis
comparable to the method that such documents are provided to the Company’s other
Shareholders to whom an offer is made. The Offer will be made by the Offeror and
no one else.

The Offer is made to U.S. Holders pursuant to Section 14(e) and Regulation 14E
under the U.S. Exchange Act as a “Tier I” tender offer, and otherwise in
accordance with the requirements of Norwegian law. Accordingly, the Offer is
subject to disclosure and other procedural requirements timetable, settlement
procedures and timing of payments, that are different from those that would be
applicable under U.S. domestic tender offer procedures and law.

Pursuant to an exemption from Rule 14e-5 under the U.S. Exchange Act, the
Offeror and its affiliates or brokers (acting as agents for the Offeror or its
affiliates, as applicable) may from time to time, and other than pursuant to the
Offer, directly or indirectly, purchase or arrange to purchase, Shares or any
securities that are convertible into, exchangeable for or exercisable for such
Shares outside the United States during the period in which the Offer remains
open for acceptance, so long as those acquisitions or arrangements comply with
applicable Norwegian law and practice and the provisions of such exemption. To
the extent information about such purchases or arrangements to purchase is made
public in Norway, such information will be disclosed by means of an English
language press release via an electronically operated information distribution
system in the United States or other means reasonably calculated to inform U.S.
Holders of such information. In addition, the financial advisors to the Offeror
may also engage in ordinary course trading activities in securities of the
Company, which may include purchases or arrangements to purchase such
securities.

Neither the SEC nor any securities supervisory authority of any state or other
jurisdiction in the United States has approved or disapproved the Offer or
reviewed it for its fairness, nor have the contents of the Offer Document or any
other documentation relating to the Offer been reviewed for accuracy,
completeness or fairness by the SEC or any securities supervisory authority in
the United States. Any representation to the contrary is a criminal offence in
the United States.

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

Kilde

[TekBot]

BW Offshore: Sale of shares in BW Energy to BW Group

BW Offshore: Sale of shares in BW Energy to BW Group

Oslo, 22 January 2024 - BW Offshore Limited (“BW Offshore” or the “Company”) has
…

Vis børsmeldingen

today entered into an agreement with BW Group Limited (“BW Group”) to sell all
of BW Offshore’s shares in BW Energy Limited (“BW Energy”). BW Offshore will
sell 58,111,461 (22.52%) shares in BW Energy at a price of NOK 32 per share,
resulting in total proceeds to BW Offshore of NOK 1,860 million or approximately
USD 176 million.

The decision was taken by the independent directors of BW Offshore after
assessing the Company’s strategy and other relevant factors, including external
valuation advice. As previously communicated, BW Offshore does not consider the
shareholding in BW Energy to be a long-term strategic investment.

CEO of BW Offshore Marco Beenen states: “We are pleased to have obtained a price
for BW Energy that is close to the highest that the shares have historically
traded, which became possible following the outcome of BW Group’s mandatory
offer resulting in BW Group holding approximately 52% of BW Energy. This
transaction strengthens our balance sheet and allows the continuation of a
sustainable dividend that can potentially grow over time”.

Chairman of BW Group Andreas Sohmen-Pao comments: “Under BW Offshore’s current
dividend policy, it would have taken over 7 years to distribute BW Offshore’s
stake in BW Energy. This transaction clears a significant overhang on BW Energy
shares, and we look forward to continued efforts to build the company and unlock
shareholder value.”

Completion of the transaction is expected to occur on or around 25 January 2024.

For further information, please contact:

Ståle Andreassen, CFO, +47 91 71 86 55

IR@bwoffshore.com or www.bwoffshore.com (http://www.bwoffshore.com)

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements according
to section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Kathrine Johanne Rane on 22 January 2023 at 07:30
CET.

About BW Offshore:

BW Offshore engineers innovative floating production solutions. The Company has
a fleet of 5 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 1,400 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

Kilde

[TekBot]

BW Energy - Mandatory Notifications of Trade and Disclosure of Shareholding

BW Energy - mandatory notifications of trade and disclosure of shareholding

Reference is made to the announcement published by BW Offshore Limited ("BW
…

Vis børsmeldingen

Offshore") on 22 January 2024 regarding the sale of all of BW Offshore’s shares
in BW Energy Limited (“BW Energy”) to BW Group Limited (“BW Group”).

As further described in the abovementioned announcement, BW Offshore has today,
22 January 2024, agreed to sell 58,111,461 BW Energy shares to BW Group at a
price of NOK 32 per share. Completion of the transaction is expected to occur on
or about 25 January 2024.

BW Group and BW Offshore are close associates to a primary insider in BW Energy
and are therefore pursuant to the disclosure requirements in article 19 of the
Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the
Norwegian Securities Trading Act required to disclose transactions made in
securities in BW Energy. The primary insider is the chairman of the board of
directors of BW Energy.

Please refer to the attached notification of trading for further details.

Disclosure of shareholding:

Following the purchase of 58,111,461 shares in BW Energy, BW Group’s
shareholding in BW Energy has increased to 191,903,110 shares, representing an
increase from approx. 51.86% to approx. 74.38% of the issued share capital and
voting rights in BW Energy.

Following the sale of all its 58,111,461 shares in BW Energy, BW Offshore will
reduce its shareholding from 22.52% to zero and will no longer own any shares or
hold any voting rights in BW Energy. BW Offshore has indirect exposure to
353,425 shares in BW Energy through a total return swap agreement with expiry
date 5 April 2024.

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block in, a 95% interest in the Maromba field in Brazil and a
95%interest in the Kudu field in Namibia, all operated by BW Energy. Total net
2P+2C reserves and resources were 546 million barrels of oil equivalents at the
start of 2023, when including the Golfinho Clusters.

This information is published in accordance with the disclosure requirements in
Regulation EU 596/2014 (MAR) article 19, section 5-12 of the Norwegian
Securities Trading Act, and the Oslo Rule Book II, as well as in accordance with
Section 4-2 of the Norwegian Securities Trading Act.

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

Kilde

[sulzrox]

Har tatt eit lodd her. 27 virker greit.

Tanken er at etter BWG har kjøpt seg opp til nesten 75% til 32kr(etter kjøpe på 27kr) så er det få aksjer som skal til før 75% og resten tvangssalg på resten til 32kr. Og aksjen tatt av børs.

[Kaisovski]

Er det 75% som er grensen for tvangsinnløsing i Bermuda eller hvor de nå er registrert?

[sulzrox]

Jepp.

Hårfint unna tvangsinnløsning

[Kaisovski]

Men hva er reglene for delisting? Det var snakk om 66% så kunne de bare ta selskapet av børs.

Veldig fint å spekulere i tvangsinnløsning på 32kr aksjen, og så får man delisting i fleisen istedenfor

[TekBot]

BW Energy: Company presentation

BW Energy: Company presentation

BW Energy is presenting at the Pareto Securities’ E&P Independents Conference in
…

Vis børsmeldingen

London today. Please see the attached presentation.

The presentation references the following updated information:

• The ESP diagnosis, repair and replacement program is progressing with DHBM-
  4H?and DHBM-3H producing after ESP change-out and DHBM-6H?is producing on
  natural flow
• Current Dussafu gross production is ~25,000 bbls/day
• Drilling of Hibiscus South underway with expected completion and production
  start in March

For further information, please contact:

Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76

ir@bwenergy.no

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block in, a 95% interest in the Maromba field in Brazil and a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. Total net
2P+2C reserves and resources were 546 million barrels of oil equivalents at the
start of 2023, when including the Golfinho Clusters.

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

Kilde

[TekBot]

BW Energy: Invitation to Q4 and full year 2023 results presentation 28 February

Invitation to Q4 and full year 2023 results presentation 28 February

BW Energy will release its fourth quarter and full year 2023 results on
…

Vis børsmeldingen

Wednesday 28 February 2024 at 07:30 CEST.

A conference call followed by Q&A will be hosted by CEO Carl K. Arnet, CFO Knut
R. Sæthre and COO Lin G. Espey the same day at 14:00 CET.

You can follow the presentation via webcast with supporting slides, available
on:
Viewer Registration ? Q4 2023 (webcast.no) (WN Event
registration/cJFYrQsr/register) (WN Event
registration/cJFYrQsr/register)

Participants dial in numbers:

DK: +45 7876 8490
SE: +46 8 1241 0952
NO: +47 2195 6342
UK: +44 203 769 6819
US: +1 646-787-0157
Singapore: 65-3-1591097
France: 33-1-81221259

PIN code: 980877

For further information, please contact:

ir@bwenergy.no (mailto:ir@bwenergy.no)

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marin licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block, a 95% interest in the Maromba field in Brazil and a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. Total net
2P+2C reserves and resources were 580 million barrels of oil equivalent at the
start of 2024.

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

Kilde

[TekBot]

BW Energy: Fourth Quarter and Full Year Results 2023

FOURTH QUARTER AND FULL YEAR RESULTS 2023

…

Vis børsmeldingen

HIGHLIGHTS

• Q4 EBITDA of USD 133.4 million and net profit of USD 80.2 million
• Full-year revenue of USD 0.5 billion (+83%) with EBITDA of USD 241.0 million
  (+56%) and net profit of USD 81.0 million (+80%)
• Q4 gross production of 3.03 million barrels with 2.48 million net to BW
  Energy
• Four liftings of 2.7 million barrels (net BWE) at average realised price of
  USD ~82 per barrel
• Achieved combined production milestone of 50,000 operated barrels per day in
  October
• Maintained a strong balance sheet with cash position of USD 194 million
• Completed acquisition of FPSO Cidade de Vitória
• Discovery of Hibiscus South
• MoU signed with Cosco Shipping Heavy Industry for FPSO BW Maromba upgrade

BW Energy, operator of the Dussafu Marin licence in Gabon and the Golfinho
cluster offshore Brazil, reported EBITDA for the fourth quarter of 2023 of USD
133.4 million, up from USD 49.7 million in the third quarter of 2023, due to
increased production and liftings.

Gross production from the operated assets was ~33,000 barrels of oil per day in
the quarter, up 20% from the previous quarter. This includes a full quarter of
production from the Tortue and Hibiscus fields in the Dussafu licence (73.5%
working interest) and the Golfinho field (100% working interest) after assuming
ownership in late August.

Full-year 2023 production was approximately 7.6 million barrels of oil, up 97%
from 2022. Full-year EBITDA was USD 241 million (USD 154.2 million).

“We delivered strong production from Dussafu and Golfinho, which is reflected in
improved financial performance, making the fourth quarter and full year 2023 BW
Energy’s best.” said Carl K. Arnet, the CEO of BW Energy.?“Looking ahead, we
expect increased oil production and strong cash generation in 2024 with the
completion of the Hibiscus / Ruche phase 1 development program, including start-
up of production from Hibiscus South and Ruche fields and ESP replacements,
combined with a full-year contribution from Golfinho in Brazil.”

DUSSAFU

BW Energy completed two liftings in the fourth quarter at an average realised
price of USD 83 per barrel. BW Energy’s share of gross production was
approximately 1.5 million barrels of oil. The net sold volume, which is the
basis for revenue recognition in the financial statements, was approximately
1.86 million barrels including 187,000 barrels of state profit oil with an over-
lift position of 228,000 barrels at the end of the period. Gross production from
the Dussafu licence averaged 22,500 barrels of oil per day in the?quarter,
amounting to total gross production of 2.07 million barrels of oil for the
period. Production was impacted by the previously communicated electrical issues
affecting the ESPs (electrical submersible pumps) on the Hibiscus field. Fourth
quarter production cost (excluding royalties) was approximately USD 28 per
barrel.

The Company has committed all necessary resources on identifying and resolving
the electrical integrity issues affecting the ESPs. Currently, the DHIBM-6H well
is producing on natural flow. The DHIBM-3H and DHIBM-4H wells are producing on
ESP, following completion of workovers and ESP changeout. Preparations are
ongoing for restarting DHIBM-5H well following a similar process. The programme
of diagnosis, repair and replacement of the ESPs is well underway.

GOLFINHO

Gross production from the Golfinho field averaged 10,400 barrels of oil per day
in the fourth quarter, amounting to a total production of 958,000 barrels in the
period. There were two liftings in the quarter at an average realised price of
USD 80 per barrel, with remaining inventory of approximately 325,000 barrels at
the end of the period. Fourth quarter production cost (excluding royalties) was
approximately USD 44 per barrel.

OTHER ITEMS

BW Energy had a cash balance of approximately USD 194.2 million on 31 December
2023, compared to USD 197.6 million on 30 September 2023. The change reflects
the net impact from oil sold in the period and investments primarily related to
the ongoing Hibiscus / Ruche development. The Company had a total drawn debt
balance of USD 380 million as of 31 December 2023 including the Golfinho
prepayment facility.

Total production net to BW Energy from Gabon and Brazil for 2024 is projected to
be between 10 and 12 million barrels, based on the current Hibiscus / Ruche
development plan and ESP work-over schedule. Full-year production cost
(excluding royalties) is expected to be USD 30 to 35 per barrel. Net capital
expenditures are expected in the range USD 250 to 300 million related to ongoing
drilling and project maturation activities.

DEVELOPMENT PLANS

The 2023 reserves update assessed 2P+2C reserves and resources of 580 million
barrels net to BW Energy. This includes 103.1 million barrels in the in the
Dussafu licence, reflecting adjustment for net annual production of 5.9 million
barrels and positive reserve adjustments on Dussafu, 148.2 million barrels in
Golfinho and Camarupim clusters and BM-ES-23, 138.8 million barrels in the
Maromba licence, and 190.3 million barrels oil equivalent contingent resources
in the Kudu licence. The increase mainly reflects the acquisition of the
Golfinho and Camarupim clusters and BM-ES-23.

The Hibiscus / Ruche Phase 1 drilling campaign comprises of eight wells. In
addition to the four Hibiscus wells and the one Hibiscus South well drilled to
date, the updated plan includes a fifth Hibiscus well, finalisation of the Ruche
well, and a Bourdon prospect test well.

In November, a substantial oil discovery was made in the Hibiscus South
satellite prospect (DHBSM-1). In early 2024, the Company returned to the well to
complete it as a production well. First oil is expected in March, less than five
months after discovery. The Hibiscus South structure is a separate accumulation
with a deeper oil-water contact than the nearby Hibiscus Field, increasing the
Company’s reserve base.

The Hibiscus / Ruche drilling campaign has the potential to bring total oil
production on the Dussafu licence up to the FPSO capacity of approximately
40,000 barrels per day gross when all wells are on-stream.

In Brazil, BW Energy completed the acquisition the FPSO Cidade de Vitória from
Saipem in November. This will contribute to lower production cost per barrel.
Production from the Golfinho field continues to exceed initial expectations.
Preparations continued for two planned Golfinho infill wells (GLF-51 oil well
and GLF-50 gas well) which are expected to double production in 2027.

Also in Brazil, the Maromba development plan progressed with completion of the
revised concept expected in the second quarter of 2024. Total oil production
from Maromba at peak annual average is expected between 30-40,000 barrels of oil
per day. In October, BW Energy paid the first instalment for FPSO Polvo, renamed
BW Maromba, with the remaining USD 20 million instalment due in the second
quarter of 2024. The FPSO has been mobilised to the COSCO yard in China where it
is being prepared for upgrades. The final investment decision for the Maromba
development is subject to completion of the project financing.

In Namibia, BW Energy is progressing the revised development plan for the gas-
to-power project and analysing data from the 3D survey completed in May.
Interpretation of the initial data has enhanced the depositional model and de-
risked potential targets?with additional prospects identified, and the Company
has decided to start ordering long-lead items for a future exploration program.

OUTLOOK

BW Energy continually prioritises safety first with zero harm as an overriding
objective for people and the environment. BW Energy is substantially reducing
its carbon footprint by developing discovered oil and gas resources through
repurposing of existing production infrastructure.

BW Energy expects oil and gas to remain an important part of the global energy
mix with increased demand in decades to come and remains focused on realising
long-term value creation via its phased development strategy and investments in
high-return assets. The flexible investment strategy has proven robust for a
range of market scenarios and positions BW Energy to address both short- and
long-term opportunities to drive cash flows and earnings.

Energy prices remain at high levels despite a softening of macroeconomic drivers
during 2023 as geopolitical conflict, global supply chain challenges, inflation
and higher interest rates impacted global economic growth. Reduced OPEC
production and continued concerns for global energy supply are among factors
supporting current prices.

BW Energy expects to create significant value for its stakeholders going
forward. Short-term, the focus is on completing the Hibiscus / Ruche development
and resolving the ESP challenges to bring production up towards the FPSO
capacity, and optimising production at Golfinho in Brazil while preparing for
drilling of two new production wells in 2027. This should further support
significant positive cash flow at current oil price levels.

REPORTS AND PRESENTATION

BW Energy today published its annual report for the financial year ended 31
December 2023. BW Energy has also today published the Board-approved report on
payments to governments and the annual statement of reserves for the financial
year 2023. Please find all reports and the fourth-quarter earnings presentation
attached. The reports are also available at:

www.bwenergy.no/investors/reports-and-presentations
(http://www.bwenergy.no/investors/reports-and-presentations)

BW Energy will today hold a conference call followed by a Q&A hosted by CEO Carl
K. Arnet, CFO Knut R. Sæthre and COO Lin G. Espey at 14:00 CET.

You can follow the presentation via webcast with supporting slides, available
on:

Viewer Registration ? Q4 2023 (WN Event
registration/cJFYrQsr/register)

Call-in information:

Participants dial in numbers:

DK: +45 7876 8490
SE: +46 8 1241 0952
NO: +47 2195 6342
UK: +44 203 769 6819
US: +1 646-787-0157
Singapore: 65-3-1591097
France: 33-1-81221259

PIN code: 980877

Please note, that if you follow the webcast via the above URL, you will
experience a 30 second delay compared to the main conference call. The web page
works best in an updated browser - Chrome is recommended.

For further information, please contact:

Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76

ir@bwenergy.no (mailto:ir@bwenergy.no)

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments.

The Company’s assets are 73.5% of the producing Dussafu Marin licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block, a 95% interest in the Maromba field in Brazil and a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. Total net
2P+2C reserves and resources were 580 million barrels of oil equivalent at the
start of 2024.

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

Kilde

[TekBot]

BW Energy: Starts production from Hibiscus South field five months after discovery

BW Energy: Starts production from Hibiscus South field five months after
discovery

…

Vis børsmeldingen

BW Energy is pleased to announce that production has safely started from the
DHBSM-1H well in the Hibiscus South field on the Dussafu Licence offshore Gabon
five months after the initial discovery was made in November 2023. Production
performance from the well has been in line with expectations and is currently
stabilised at approximately 5,000-6,000 barrels of oil per day.

The DHBSM-1H well was drilled as a horizontal well from the BW MaBoMo production
facility to a total depth of 5,960 metres into Gamba sandstone reservoir. The
well is located approximately 5 kilometres southwest of the MaBoMo in a separate
accumulation with a deeper oil-water contact than the nearby Hibiscus Field.
Following completion, the Borr Norve jackup has commenced drilling operations on
the Ruche sidetrack well (DRM-3H ST1).

“We are very pleased with the safe and efficient execution of Hibiscus South
fast-track development within a few months after making the initial discovery,”
said Carl K. Arnet CEO of BW Energy. “This represents a material, low-cost and
low-risk expansion of the Dussafu production and reserve base, demonstrating how
our phased development strategy provides the flexibility to rapidly unlock
significant value.”

The DHBSM-1H well is expected to recover 6.6 mmbbls from approximately 22 mmbbls
oil in place, based on third party 2P estimates.

For further information, please contact:

Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76 or ir@bwenergy.no

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block in, a 95% interest in the Maromba field in Brazil and a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. Total net
2P+2C reserves and resources were 580 million barrels of oil equivalents at the
start of 2024.

This information is subject to the disclosure requirements pursuant to section5-
12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

BW Energy: Mandatory Notifications of Trade and Disclosure of Shareholding

BW Energy: Mandatory Notifications of Trade and Disclosure of Shareholding

…

Vis børsmeldingen

Reference is made to the announcement published by BW Offshore Limited (“BW
Offshore”) on 30 March 2023.

BW Offshore has today partially settled a Total Return Swap (“TRS”) agreement
with financial exposure to 92,910 shares in BW Energy Limited (“BW Energy”) at
NOK 26.65 per share. Following the transaction, BW Offshore holds TRS agreements
with underlying exposure to 260,515 BW Energy shares with expiry date 5 April
2024.

Please refer to the attached notification of trading for further details.

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block in, a 95% interest in the Maromba field in Brazil and a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. Total net
2P+2C reserves and resources were 580 million barrels of oil equivalents at the
start of 2024.

This information is published in accordance with the disclosure requirements in
Regulation EU 596/2014 (MAR) article 19, section 5-12 of the Norwegian
Securities Trading Act, and the Oslo Rule Book II, as well as in accordance with
Section 4-2 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

BW Energy: Mandatory Notifications of Trade and Disclosure of Shareholding

BW Energy: Mandatory Notifications of Trade and Disclosure of Shareholding

Reference is made to the announcement published by BW Offshore Limited ("BW
…

Vis børsmeldingen

Offshore") on 30 March 2023.

BW Offshore has today settled a Total Return Swap (“TRS”) agreement with
financial exposure to 260,515 shares in BW Energy Limited (“BW Energy”) at NOK
26.57 per share. Following the transaction, BW Offshore holds no financial
instrument with exposure to BW Energy shares.

Please refer to the attached notification of trading for further details.

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block in, a 95% interest in the Maromba field in Brazil and a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. Total net
2P+2C reserves and resources were 580 million barrels of oil equivalents at the
start of 2024.

This information is published in accordance with the disclosure requirements in
Regulation EU 596/2014 (MAR) article 19, section 5-12 of the Norwegian
Securities Trading Act, and the Oslo Rule Book II, as well as in accordance with
Section 4-2 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

BW Energy: Mandatory Notifications of Trade and Disclosure of Shareholding

BW Energy: Mandatory Notifications of Trade and Disclosure of Shareholding

Marco Beenen, Director of BW Energy Limited (“BWE”), sold 32,647 shares in BWE
…

Vis børsmeldingen

on April 12th at an average price of NOK 28.55 per share. Following this
transaction, Mr. Beenen holds no shares in BW Energy Limited.

For further information, please contact:

ir@bwenergy.no

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting
proven offshore oil and gas reservoirs through low risk phased developments. The
Company has access to existing production facilities to reduce time to first oil
and cashflow with lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine licence offshore
Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in
the BM-ES-23 block in, a 95% interest in the Maromba field in Brazil and a 95%
interest in the Kudu field in Namibia, all operated by BW Energy. Total net
2P+2C reserves and resources were 580 million barrels of oil equivalents at the
start of 2024.

This information is published in accordance with the disclosure requirements in
Regulation EU 596/2014 (MAR) article 19, section 5-12 of the Norwegian
Securities Trading Act, and the Oslo Rule Book II, as well as in accordance with
Section 4-2 of the Norwegian Securities Trading Act.

Kilde