(Singapore, 30 November 2020)



BW LPG Limited ("BW LPG", the "Company", OSE ticker code: "BWLPG.OL") has
entered into Memorandums of Agreement (MOA) to sell two Very Large Gas Carriers
(VLGC) BW Confidence and BW Cedar. 



BW Confidence was built in 2006 and has a carrying capacity of 83,270 cbm. The
sale is expected to generate approximately US$36 million in liquidity and an
expected net book gain of approximately US$4 million. The sale and delivery of
the vessel to its new owner is expected to be completed in Q1 2021. 



BW Cedar was built in 2007 and has a carrying capacity of 82,260 cbm. The sale
has no liquidity impact in Q4 2020 and is expected to generate a net book gain
of approximately US$3 million. BW Cedar will join three other VLGCs; namely BW
Boss, BW Energy, and BW Birch in our joint venture company (JV) BW Global United
LPG India. All four vessels are on time charter contracts to major Indian oil
companies to supply India with LPG. 



Says Anders Onarheim, CEO of BW LPG, "Committing both vessels for sale is
aligned with our strategy to capture growth opportunities.  With a strong VLGC
freight market, we secured an attractive price for BW Confidence. With BW Cedar,
we further strengthen BW LPG's strong base in India. India is the world's second
largest LPG import market, and our JV is now the largest VLGC operator in
India". 



Upon completion of both sales, BW LPG will own and operate a fleet of 45 modern
VLGCs, including BW Gemini, the world's first VLGC to be retrofitted with
pioneering LPG dual-fuel propulsion engine.



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 Investor Relations and Corporate Development

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, one of the world's leading shipping groups.
BW Group controls a fleet of over 360 ships which includes product tankers, LNG
and LPG carriers, floating storage and regasification (FSRU) units, dry cargo
carriers, crude oil supertankers and floating production storage and offloading
(FPSO) units.



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

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